Cannabis Administration & Opportunity Act, commonly known as CAOA. Summary of the proposal:
"Sec. 101 of the Discussion Draft would remove cannabis (marihuana) from the Controlled Substances Act and direct the Attorney General to remove cannabis from the list of controlled substances in regulation within 60 days of enactment. A new definition of “cannabis” would be
established within the Federal Food Drug and Cosmetic Act (FFDCA) under title 21 of the U.S. Code, which establishes requirements for food, dietary supplements, drugs (including biologics), devices, cosmetics, and other substances such as tobacco. This definition would retain the
existing exception for hemp. "