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INSIGHTS:

Marijuana advocates have been waiting anxiously for this day: Senate Majority Leader Chuck Schumer (D-NY), Senate Finance Committee Chairman Ron Wyden (D-OR) and Sen. Cory Booker (D-NJ) have released their draft bill to federally legalize marijuana . But the issue has touched off a number of controversies, and White House support remains in question.

Legislation to set up a recreational marijuana marketplace, decriminalize cannabis and loosen penalties for underage possession of the drug and alcohol was signed into law Monday by New Jersey Gov. Phil Murphy, more than three months after voters overwhelmingly approved a ballot question to legalize adult use of the drug.