Anthropology

Oregon lawmakers introduce legislation to protect legal recreational marijuana

Sen. Wyden said, “The federal government must respect the decision Oregonians made at the polls and allow law-abiding marijuana businesses to go to the bank just like any other legal business. This three-step approach will spur job growth and boost our economy all while ensuring the industry is being held to a fair standard.”

The Small Business Tax Equity Act “would treat state-legal marijuana businesses like other small businesses,” meaning they would be taxed like other small businesses… the Responsibly Addressing the Marijuana Policy Gap Act would remove “federal criminal penalties and civil asset forfeiture for individuals and businesses complying with state law,” and allow access to “banking, bankruptcy protection, marijuana research and advertising” for cannabis businesses…the final part of the package, the Marijuana Revenue and Regulation Act, would “impose an excise tax” on cannabis products, similar to the tax currently on alcohol and tobacco products, “escalating annually to a top rate equal to 25 percent of the sales price.”

Original Article (Oregon Live):
Oregon lawmakers introduce legislation to protect legal recreational marijuana
Artwork Fair Use: Banana patrol

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