House Introduces Bill To Protect Medical Marijuana Industry

Photo: Plazak (CC)

Photo: Plazak (CC)

The House is doing what it can to protect the medical marijuana dispensaries with a bill that has been proposed to allow the marijuana industry to act as any other legal buisness, including expense deduction on federal tax returns and would make both businesses and patients “immune to federal prosecution if they are acting in compliance with local marijuana laws.” Via AlterNet:

Congressman Pete Stark (D-CA), Congressman Barney Frank (D-MA) and Congressman Jared Polis (D-CO) introduced legislation to the House on Wednesday aimed at ensuring the medical marijuana industry is treated like any other business.

The legislation was supported by Republican Reps. Dana Rohrabacher (CA) and Ron Paul (TX).

The Small Business Tax Equity Act, introduced by Stark, authorizes medical marijuana dispensaries to take the full range of business expense deductions on their federal tax returns, like other legal businesses are allowed to.

“Our tax code undercuts legal medical marijuana dispensaries by preventing them from taking all the deductions allowed for other small businesses,” Stark stated. “While unfair to these small business owners, the tax code also punishes the patients who rely on them for safe and reliable access to medical marijuana prescribed by a doctor.”

[Continues at AlterNet]

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  • 5EsS7z

    The Commerce Clause is an enumerated power listed in the United States Constitution (Article I, Section 8, Clause 3). The clause states that the United States Congress shall have power “To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes”.

    Amendment X (10): Powers retained by the states and the people
    The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.

    To me, this means the Federal government has no authority to determine whether or not marijuana should be legal within any state, only that it can regulate the transport of it between states. Also does not give them authority to determine whether or not any business should be allowed within any state. I know that marijuana has been declared illegal at the federal level, but I believe that is in direct conflict with the States Sovereignty clause.

  • 5EsS7z

    The Commerce Clause is an enumerated power listed in the United States Constitution (Article I, Section 8, Clause 3). The clause states that the United States Congress shall have power “To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes”.

    Amendment X (10): Powers retained by the states and the people
    The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.

    To me, this means the Federal government has no authority to determine whether or not marijuana should be legal within any state, only that it can regulate the transport of it between states. Also does not give them authority to determine whether or not any business should be allowed within any state. I know that marijuana has been declared illegal at the federal level, but I believe that is in direct conflict with the States Sovereignty clause.

  • AMorandi

    I’ll be satisfied when we have medical lsd dispensaries in addition to medical marijuana

  • AMorandi

    I’ll be satisfied when we have medical lsd dispensaries in addition to medical marijuana

  • TMMC CEO/President

    Hello,

    About time, one of many steps I see needed. Strict controls & regulations are needed as well as required -  our company will lead the way – a compassionate corporation.   http://www.TMMC.info 

  • TMMC CEO/President

    Hello,

    About time, one of many steps I see needed. Strict controls & regulations are needed as well as required -  our company will lead the way – a compassionate corporation.   http://www.TMMC.info 

  • Richiefoster

    whos crooked

  • Richiefoster

    whos crooked

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