July 15, 2021 at 4:10 pm #33816
A number of news organizations are reporting that Democrats in the US Senate will soon introduce the Cannabis Administration and Opportunity Act. It would remove marijuana from the Controlled Substances Act, expunge non-violent marijuana convictions, and create a mechanism to tax marijuana sales. You can read more about it here on NBC News.
What do you think about marijuana legalization, and what do you think it will mean for both the industry and individuals if its decriminalized?July 16, 2021 at 3:12 am #33821BrentParticipant
I think it’s great. If it happens, it will help the nation quite a bit. It’s already helped the states that have already legalized it. Look at Colorado alone. They’ve made billions already didn’t they? Now imagine that at a level of the whole US. I doubt it’d bring our nation out of debt, but it would help a lot I think.July 16, 2021 at 10:47 am #33834
Brent, I agree. I think its important to recognize that there are quite a few details that need to be worked out, other than just decriminalizing it. First, decriminalization isn’t the same as legalization. If you’re riding around with 40 lbs of cannabis in your car without the proper license to distribute in 2024, you’ll have yourself a nice little vacation in federal prison. It will be the same as having 20 lbs of Adderall or whatever. For personal consumption, it will be legal. Secondly, institutions that support business will have to change. In many instances, there are still troubles with legal marijuana businesses not being able to use a bank. One report said that a business in Colorado had something like $2 million bucks just in a safe. So hopefully this bill will put the mechanisms in place so that cannabis can become a legitimate business in all aspects of capitalism.July 16, 2021 at 11:21 am #33845Lydia MarquezParticipant
Tim you are correct! There are so many obstacles here in NY with the legal businesses. I currently work for a Hemp and CBD Dispensary and no banks in the area want to do business with us. They have to drive an hour away just to deposit money so that the employees can get paid. But it’s OK to tax the crap out of us in our weekly checks. Please someone make it make sense cause it doesn’t anymore. They have also been trying to get us at least a small package of health coverage and no one wants to take us on due to the industry we are in. I applied for Disability Insurance and I was denied due to my place of employment. I am still waiting on the decision for the new Life Insurance I applied for! I hope they don’t deny that as well. I also have my Medical Marijuana Card and they had a million a one questions about that as well. It is beyond frustrating all of the grey areas of legalization. We are all hard working people here and enjoy educating the people in the area about Cannabis and how it works in their bodies. We’re not hurting anyone, so why deny us such important things?! I get it, it isn’t federally legal yet but its a bit ridiculous already based on how far we’ve come in the industry.July 16, 2021 at 12:09 pm #33850
Lydia, sorry to hear that you’re going through that, but that kinda story is pretty typical. The key word that I clued in on was “decriminalization” not “legalization”. The concern, (I haven’t seen or read the bill), would be that it creates this bizarre legal grey area nationally, rather than just making it legal up to a certain point. Like the example I gave…. You have a reasonable amount for personal consumption…. you’re good…. you have 50 lbs and no license for that…. you’re in trouble.
So unfortunately, if it is “legalized” federally, then enormous mutli-billion dollar corporations will start getting into it. Its at that point that you’ll see the laws and regulations and stigmatization change. Bad side is that also means that we’ll be getting RJ Reynolds marijuana and big business will systematically target small companies to try and either buy them up or put them out of business. Hopefully the law offers some sort of road to protection or grandfather clause for companies. According to the Biden Administration, it will be regulated like alcohol, so states will still have the authority to regulate it how they see fit within their own borders.
Only time will tell how this all plays out.July 17, 2021 at 12:44 pm #33966laradhallParticipant
I think it is majorly important to take Marijuana off the classification of class 3 drug anymore, so we can study it. Make it not a federal offense anymore. Why can’t the Dems do this?July 17, 2021 at 10:57 pm #33974EmilyParticipant
This is the right step into the future for cannabis. We’ve gone on too far where weed was classified alongside of some of the most dangerous drugs. We know that there are far too many people in prison because of marijuana.July 19, 2021 at 10:23 am #33986
Lara and Emily, it appears as though that is exactly what the proposed bill would do. In addition to decriminalizing marijuana on a Federal level, the bill would also call for expunging non-violent marijuana convictions and letting a lot of people out of jail. I agree with both of you, in that keeping marijuana as a Schedule 1 narcotic for all this time is a bit of a stretch, especially considering it alongside other highly dangerous and highly addictive drugs such as heroin and cocaine. I would imagine that marijuana regulation will look very similar to the way alcohol is regulated. Where states are able to set up their own rules for its distribution, taxation, and limitations on consumption (i.e., being super high in public, driving while impaired, etc.).
As to an easier method of study, currently almost all marijuana that scientists are legally allowed to study is grown in a very large field at the University of Mississippi in Oxford, MS. According to many experts, this marijuana is far inferior to even what you might casually buy on the street from some random person. The sourcing and storage of this inferior marijuana is also very highly controlled and regulated. So there are still some major roadblocks when it comes to the science. Decriminalization would allow scientists to study higher quality strains more easily and begin to better understand the science behind the differences in effects, based on the chemical composition of multiple strains.
- Register (free) or sign in to reply to this topic