Senate Minority Leader Chuck Schumer introduced legislation Friday that would decriminalize marijuana at the federal level and establish “dedicated funding streams” for women and minority businesses to grow and distribute the drug.

“The time has come to decriminalize marijuana,” Schumer, D-N.Y., 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. It’s simply the right thing to do.”