Section 280E of the tax code is making legal marijuana businesses to pay up to 70% in taxes effectively. This post from The Daily Beast highlights how the legit marijuana industry has been crippled by old tax laws. A law passed in the ‘80s to prevent drug dealers from getting tax breaks is now taking a huge chomp out of legitimate outfits in Colorado and ... Continue Reading
marijuana decriminalization
Progress of Marijuana Legalization in U.S. States
Marijuana legalization has become a reality in many U.S. states and a lot of hopes are pinned on this year too. This post from Yahoo.com brings to you a map of every state and their marijuana laws. This year could be big one for marijuana legalization, with states like Arizona, Maine and Vermont likely to jump on the bandwagon, which is already led by Alaska, Colorado and ... Continue Reading
Pittsburgh Votes for Marijuana Decriminalization
Pittsburgh City Council has taken a step forward in marijuana decriminalization by voting that marijuana possession will not be a misdemeanor. This article from The Huffington Post reports about Pittsburgh’s step toward marijuana decriminalization. The Pittsburgh City Council on Monday voted to decriminalize possession of small amounts of marijuana, falling in line with a ... Continue Reading
Bernie Sanders Calls for Rescheduling Marijuana
Sen. Bernie Sanders says he'll propose legislation for rescheduling marijuana. This would remove marijuana from the DEA's list of "most dangerous" drugs. This post from The 420 Times highlights Bernie Sanders’ move to end federal blacklisting of pot. Sen. Bernie Sanders this week called for marijuana to be taken off the list of federally outlawed drugs. The rescheduling ... Continue Reading
Sanders Wants Marijuana Removed from Fed’s List of Scheduled Drugs
Bernie Sanders has called for marijuana to be removed from the Drug Enforcement Administration's list of scheduled drugs. This article from The Washington Post discusses the impact his call for reclassification of the drug is likely to have. Presidential hopeful Bernie Sanders announced his support Wednesday for removing marijuana from a list of the most dangerous drugs ... Continue Reading