The top Democrat in the Senate has introduced a bill to decriminalise marijuana across the US.

Senate Minority Leader Chuck Schumer announced on 20 April – a day known for its celebrations of the psychoactive drug – that he would sponsor legislation to remove marijuana from the country’s list of scheduled substances, effectively decriminalising it at the federal level.

“The time has come to decriminalise marijuana,” Mr Schumer said in a statement. “My thinking – as well as the general population’s views – on the issue has evolved, and so I believe there’s no better time than the present to get this done.”

Mr Schumer’s legislation would remove marijuana from the list of scheduled substances under the US Controlled Substances Act of 1970, effectively reducing criminal penalties for the possession of small amounts of weed.

The bill would also also establish funding streams for women and minority-owned marijuana businesses, and provide money for research into the public health effects of THC. The federal government’s ability to regulate intrastate drug trafficking and marijuana advertising would remain unchanged.

In pictures: 4/20 Marijuana world rallies Show all 26 1 /26 In pictures: 4/20 Marijuana world rallies In pictures: 4/20 Marijuana world rallies A man wears a marijuana leaf mask during the annual 4/20 cannabis culture celebration at Sunset Beach in Vancouver, British Columbia AP In pictures: 4/20 Marijuana world rallies A lady smokes marijuana on Parliament Hill on 4/20 in Ottawa, Ontario Getty Images In pictures: 4/20 Marijuana world rallies James Reed smokes a joint during the Denver 420 Rally at Civic Center Park in Denver, Colorado Getty Images In pictures: 4/20 Marijuana world rallies People sign a 4/20 sign on Parliament Hill on in Ottawa, Ontario Getty Images In pictures: 4/20 Marijuana world rallies A woman smokes marijuana on Parliament Hill on 4/20 in Ottawa, Ontario. Polling released showed strong support in Canada for a government drive to legalise recreational use of marijuana, but many would like the proposed minimum age for consumption to be raised. Sixty-three percent of respondents told the Angus Reid Institute they support legalisation Getty Images In pictures: 4/20 Marijuana world rallies A man smokes marijuana during the annual 4/20 marijuana rally on Parliament Hill in Ottawa, Ontario, Canada Reuters In pictures: 4/20 Marijuana world rallies Demonstrators smoke marijuana during the '4/20 Santiago' rally in favour of legalisation in front of the La Moneda presidential palace in Santiago, as part of the Global Marijuana March which is being held in hundreds of cities worldwide Getty Images In pictures: 4/20 Marijuana world rallies People play with a mock marijuana joint during a 4/20 party to demand legalisation and to celebrate marijuana culture outside the Senate building in Mexico City, Mexico Reuters In pictures: 4/20 Marijuana world rallies Adam Eidinger, co-founder of DCMJ, hands out free marijuana joints to DC residents who worked on Capitol Hill as part of the 1st Annual Joint Session to mark '4/20' day and promote legalising marijuana on Capitol Hill in Washington, DC Getty Images In pictures: 4/20 Marijuana world rallies In pictures: 4/20 Marijuana world rallies Police arrest Rachel Ramone Donlan after she handed out free marijuana joints to DC residents who worked on Capitol Hill as part of the 1st Annual Joint Session to mark '4/20' day and promote legalising marijuana on Capitol Hill in Washington, DC AFP/Getty Images In pictures: 4/20 Marijuana world rallies Police arrest Rachel Ramone Donlan after she handed out free marijuana joints to DC residents who worked on Capitol Hill as part of the 1st Annual Joint Session to mark '4/20' day and promote legalising marijuana on Capitol Hill in Washington, DC Getty Images In pictures: 4/20 Marijuana world rallies Thousands of people gather to smoke marijuana during the '420 Santiago'rally in front of the La Moneda presidential palace in Santiago Getty Images In pictures: 4/20 Marijuana world rallies People attend the Denver 420 Rally at Civic Center Park in Denver, Colorado Getty Images In pictures: 4/20 Marijuana world rallies Kevin Barron and Lasean Moore of Raleigh, North Carolina, share a joint during the Denver 420 Rally at Civic Center Park in Denver, Colorado Getty Images In pictures: 4/20 Marijuana world rallies Nic Ruhl takes a pull on a giant hand rolled joint at precisely 4:20pm MDT during the Denver 420 Rally at Civic Center Park in Denver, Colorado Getty Images In pictures: 4/20 Marijuana world rallies Various cannabis paraphernalia on display at a vendor's stall during the Denver 420 Rally at Civic Center Park in Denver, Colorado Getty Images In pictures: 4/20 Marijuana world rallies Mo Banez, of Austin, Texas, lights a joint during the Denver 420 Rally at Civic Center Park in Denver, Colorado Getty Images In pictures: 4/20 Marijuana world rallies A man displays a large container of cannabis during the Denver 420 Rally at Civic Center Park in Denver, Colorado. The rally, held annually, is a celebration of both the legalisation of cannabis and cannabis culture. Colorado is one of twenty-six U.S. states along with the District of Columbia that has legalised the use of cannabis either recreationally or medically AFP/Getty Images In pictures: 4/20 Marijuana world rallies Sitting in small groups on mats shaded by trees in the Rose Garden just across from the Knesset, participants lit up as the clock struck 4:20 for the local version of the traditional worldwide April 20 pro-marijuana events, known as '420' rallies Getty Images In pictures: 4/20 Marijuana world rallies An Israeli smokes a marijuana joint in Jerusalem during a rally at the Rose garden Getty Images In pictures: 4/20 Marijuana world rallies Sitting in small groups on mats shaded by trees in the Rose Garden just across from the Knesset, participants lit up as the clock struck 4:20 for the local version of the traditional worldwide April 20 pro-marijuana events, known as '420' rallies Getty Images In pictures: 4/20 Marijuana world rallies An Israeli girl poses with a mock marijuana joint in Jerusalem during a rally at the Rose garden, to celebrate 420 and to express their defiance of current laws Getty Images In pictures: 4/20 Marijuana world rallies aelis pass around a marijuana joint in Jerusalem during a rally at the Rose garden, to celebrate 420 and to express their defiance of current laws Getty Images In pictures: 4/20 Marijuana world rallies An Israeli smokes a marijuana joint in Jerusalem during a rally at the Rose garden, to celebrate 420 and to express their defiance of current law Getty Images In pictures: 4/20 Marijuana world rallies An Israeli smokes a marijuana joint in Jerusalem on April 20, 2017 during a rally opposite the Knesset to celebrate 420 and express defiance of current laws AFP/Getty Images

“This legislation would let the states be the laboratories that they should be, ensure that woman and minority owned business have a fair shot in the marijuana industry, invests in critical research on THC, and ensures that advertisers can’t target children,” Mr Schumer said. “it’s a balanced approach.”

Don Murphy, the director of federal policies for the Marijuana Policies Project, said he welcomed the legislation, but admitted it had a low chance of passing Congress.

"The good news here is [this legislation] elevates the debate to a new level,” he told The Independent. “That’s what's so great about it: Not that it’s going to be passed and signed by the president, but the fact that we’re having this conversation.”

USA: Sanders calls for an end to federal marijuana prohibition

President Donald Trump indicated earlier this month that he may be open to letting states decide how to regulate marijuana for themselves. But his Justice Department has been inflexible on the issue, to the point of rescinding Obama-era guidelines that made it easier for states to legalise the drug.

Nine US states have already legalised recreational marijuana, and 29 have legalised it for medical purposes. Sales of legal marijuana reached $9.7bn in North America in 2017, according to a report from Arcview Market Research and BDS Analytics, far surpassing estimates of how fast the industry would grow.