New Bills introduced to End the Federal Prohibition of Marijuana

New Bills introduced to End the Federal Prohibition of Marijuana

Two new Congressional Bills have just been introduced that will, if passed, END THE FEDERAL PROHIBITION OF MARIJUANA!

Bill One:

H.R.1227 Ending the Federal Marijuana Prohibition act of 2017

https://www.congress.gov/bill/115th-congress/house-bill/1227/
Click here to download the PDF version

This bill has bipartisan support and was introduced by republican Rep. Thomas A Garret, Jr of Virginia [R-VA-5]. So far, it has been cosponsored by:

Rep. Tulsi Gabbard [D-HI-2]
Rep. Scott Taylor [R-VA-2]
Rep. Jared Polis [D-CO-2]
Rep. Earl Blumenauer [D-OR-3]
Rep. Don Young [R-AK-At Large]
Rep. Justin Amash [R-MI-3]

Official Title as introduced:

“To limit the application of Federal laws to the distribution and consumption of marihuana, and for other purposes”

 

Bill two:

H.R.975 – Respect State Marijuana Laws Act of 2017

https://www.congress.gov/bill/115th-congress/house-bill/975
Click here to download the PDF version

This bill also has bipartisan support and was introduced by republican Rep. Dana Rohrabacher of California [R-CA-48]. So far, it has been cosponsored by:

Rep. Cohen, Steve [D-TN-9]
Rep. Young, Don [R-AK-At Large]
Rep. Pocan, Mark [D-WI-2]
Rep. Yoho, Ted S. [R-FL-3]
Rep. Blumenauer, Earl [D-OR-3]
Rep. McClintock, Tom [R-CA-4]
Rep. Titus, Dina [D-NV-1]
Rep. Hunter, Duncan D. [R-CA-50]
Rep. Polis, Jared [D-CO-2]
Rep. Amash, Justin [R-MI-3]
Rep. Lee, Barbara [D-CA-13]
Rep. Massie, Thomas [R-KY-4]
Rep. Coffman, Mike [R-CO-6]
Rep. Welch, Peter [D-VT-At Large]

Official Title as introduced:

“To amend the Controlled Substances Act to provide for a new rule regarding the application of the Act to marihuana, and for other purposes.”

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Trump Admin, Sessions & Colorado Legal Cannabis Industry

Trump Admin, Sessions & Colorado Legal Cannabis Industry

Press Secretary Sean Spicer threw cannabis advocates for a loop over his suggestion that the Justice Department is not on board with adult-use cannabis in the same way that it accepts, somewhat, the therapeutic uses of the plant for some ailments.

“There’s a big difference between (medical marijuana) and recreational marijuana, and I think when you see something like the opioid addiction crisis blossoming in so many states around this country, the last thing we should be doing is encouraging people,” Spicer said in the press room late February. “There is still a federal law that we need to abide by regarding recreational marijuana and other drugs of that nature,” Spicer continues.

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Potential State Revenue Being Unlocked by Legal Dispensaries in 2017

Potential State Revenue Being Unlocked by Legal Dispensaries in 2017

It’s been a promising start for the newly legal states that joined pot pioneers in Colorado, Oregon, DC, Washington, and Alaska by passing measures to legalize marijuana in November. Last year, Colorado’s cannabis industry brought in more than $270 million in the first quarter of 2016 alone. We exceeded preliminary estimates, and so did Washington. Now it’s California, Maine, Massachusetts, Arizona and Nevada’s time to shine. As of November, those are the next five states to open up the doors of a recreational marijuana market.

 

A new analysis from the Tax Foundation found nationwide legalization of marijuana could generate up to $28 billion in tax revenues (federal, state, and local). According to the report, that is:

  • $7 billion in federal revenue
  • $5.5 billion from business taxes
  • $1.5 billion from income, plus payroll taxes

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Economic Effects of Colorado’s Legalization of Cannabis 2017

Increase in Colorado Tax Receipts

After nearly three full years of being one of America’s first states to allow open recreational marijuana production and sales, no one can doubt that this “experiment” in state law superseding federal law has been a success in terms of generating sustainable revenue from a product that previously produced no revenue at all for the state.

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Aurora, CO awards licenses for 21 recreational marijuana stores

Aurora announced Thursday it has awarded licenses to 21 businesses as the city’s first recreational marijuana shops, which can open as soon as Oct. 1.

Each of the city’s six wards are allowed up to four recreational pot shops. There will be four shops each in Wards 1 to 5, and Ward 6 will start with one shop.

The city received 58 applications by the July 31 deadline, and the applications were reviewed on a point system.

The Green Solution, which has four stores in Denver already, will have four stores in Aurora.

Aurora has not had any medical or recreational marijuana sales.

Full Article from Denver Post