Marijuana Reform

Bipartisan “Path to Marijuana Reform” bills introduced

Posted on Posted in Marijuana Marketing Classes, Marijuana Policies

U.S. lawmakers on Thursday introduced a package of marijuana reform bills aimed at protecting and preserving existing state-based programs while creating a framework for the federal regulation of cannabis.

Related: Federal marijuana playbook: Trump administration’s tough talk and what we know so far

Sen. Ron Wyden, D-Oregon, and Rep. Earl Blumenauer, D-Oregon, announced the “Path to Marijuana Reform,” a bipartisan package of three related bills that address issues such as taxation, banking, civil forfeiture, descheduling, decriminalization, research, individual protections and regulation. Included in the package is the reintroduction of legislation from Rep. Jared Polis, D-Colorado, to regulate marijuana like alcohol.

“This is the most comprehensive package that’s (yet) been advanced,” Blumenauer told The Cannabist. While some other marijuana-related bills have been introduced to get at portions of the issue, “this is an opportunity to have the big picture,” he said.

The Path to Marijuana Reform includes the following bills, according to the announcement from Wyman and Blumenauer:

The Small Business Tax Equity Act Create an exception to Internal Revenue Code section 280E that would allow businesses compliant with state laws to claim deductions and credits associated with the sale of marijuana. Currently, under 280E, people and businesses cannot claim deductions or credits for the sale of Schedule I or Schedule II substances. Sen. Rand Paul, R-Kentucky, is a cosponsor of Wyden’s Senate bill and Rep. Carlos Curbelo, R-Florida, is sponsoring companion legislation in the House.

Responsibly Addressing the Marijuana Policy Gap Act — Remove federal penalties and civil asset forfeiture for individuals and businesses complying with state law; ensure access to banking, bankruptcy protection, research and advertising; expunge the criminal records for certain marijuana-related offenses; end requirement for residents of marijuana-legal states to take a marijuana drug test for positions in the federal civil service; and ease barriers for medical marijuana research.

Read Entire Article Written By , The Cannabist Staff published in The Cannabist

 

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