The legislation would:
Protect state-legal cannabis programs by exempting them from federal drug laws.
Allow individual states to decide whether to make marijuana legal.
Permit MJ businesses in state-legal programs to take ordinary tax deductions. They currently can’t do so.
Allow MJ businesses to put money in federally insured banks; all transactions and proceeds in state-legal programs would be considered lawful.Remove industrial hemp from the list of controlled substances.
During a news conference streamed on Warren’s Facebook page, the Massachusetts senator said she believes “there’s enthusiasm on both sides of the aisle to get this done.”
Previous legislation has dealt with the issues confronting the marijuana industry in more of a piecemeal fashion.