Marijuana industry should be represented by U.S. trade officials after legalization…
Advocates and stakeholders have been closely following [Ron] Wyden as he and his colleagues prepare to introduce a bill to end federal cannabis prohibition. The senator didn’t quite reveal new details about the forthcoming proposal, but he did reiterate the three policy “pillars” it will aim to address.
With respect to the economics of legalization, Wyden said he’s especially interested in reforming a portion of the tax code known as 280E, which prevents state-legal cannabis businesses from claiming tax deductions and credits that are available to other industries. “I think 280E needs to go, and I am determined to get that done,” he said. “I made it clear to majority leadership and Senator Booker that that’ll be a special cause of mine.” “This is really the dark ages in terms of dragging progressive, successful, innovative cannabis businesses back year after year after year,” he said, “and it also affects the lack access to banking services.”
Original Article (Marijuana Moment):
Marijuana industry should be represented by U.S. trade officials after legalization… top senate chairman says
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