Decriminalizes cannabis, establishes an Opportunity Trust Fund, and provides for expungement of certain cannabis offenses.

The Cannabis Administration and Opportunity Act decriminalizes cannabis by removing it from the Controlled Substances Act's schedule. It establishes the Opportunity Trust Fund to reinvest in communities adversely impacted by the War on Drugs. The Act provides for the expungement of certain cannabis offenses and ensures no discrimination in federal public benefits based on cannabis use. It also creates a Cannabis Products Advisory Committee to advise federal agencies on cannabis administration.

Decriminalizes cannabis, establishes an Opportunity Trust Fund, and provides for expungement of certain cannabis offenses.

The Cannabis Administration and Opportunity Act decriminalizes cannabis by removing it from the Controlled Substances Act's schedule. It establishes the Opportunity Trust Fund to reinvest in communities adversely impacted by the War on Drugs. The Act provides for the expungement of certain cannabis offenses and ensures no discrimination in federal public benefits based on cannabis use. It also creates a Cannabis Products Advisory Committee to advise federal agencies on cannabis administration.