This past week Senators Gardner and Warren released a long-waited bipartisan
marijuana bill that prioritizes states’ rights. The bill does not
go as far as to legalize marijuana in the U.S. However, the bill stands
to give states the power to determine how to treat marijuana within its
borders. Logically, the marijuana community is supporting this bill and
hoping it is a success!
Trump has said he most likely will back the bill and ultimately sign it.
This is extremely controversial as it would put the White House in direct
conflict with its Justice Department. As many know, Sessions rescinded
Obama guidance that instructed law enforcement to not waste resources
targeting the marijuana industry in states where it is legal.
This bill would mean that businesses involved in the marijuana industry
as well as patients would no longer have to worry about the Federal government
cracking down any moment. Raids of nurseries or dispensaries have been
known to put them out of business. That is a risk that those in the industry
are willing to take but may no longer have to.
Additionally, under current law businesses in states where marijuana is
legal must pay taxes but are not eligible for tax deductions. Additionally,
those in the industry do not have easy access to banks or loans. This
creates many obstacles in the process of operating a successful business.
This means these businesses operate on a cash basis, leaving them vulnerable
to theft and more uncertainty. This bill is definitely a step in the right
direction for both business and patients.
It will be interesting to follow how the Federal government as well as
the states handle the effects of this bill. As the legalization of medical
marijuana is fairly new on the state level it has been a trial and error
process for all. If you are a nursery that is applying for a license or
has been wrongfully denied a license contact us and we can help you attain
your license. We can also help you stay compliant on a going forward basis.
Lets face it, there are so many regulations set in place on the federal
as well as state level that are everchanging it is hard to keep up while
running your business. Let us handle that side of your business for you
so you can be even more successful providing your products and growing