Rand Paul Cosponsors Bill to Allow Marijuana Businesses to Claim Tax Credits and Deductions
Senator Rand Paul (R-KY) cosponsored the The Small Business Tax Equity Act which would require marijuana businesses in states where it is legalized to be taxed similar to other small businesses. It would also remove restrictions on marijuana businesses to claim tax credits and deductions.
Colorado Considers End Run if Feds Crack Down on Recreational Marijuana
The Trump Administration has said it will view medical marijuana leniently but is considered renewed federal enforcement to shut down recreational marijuana sales legal in eight states and the District of Columbia. Lawmakers in Colorado have proposed a simple solution.
On Thursday, Sen. Ron Wyden (D-Ore.) and Rep. Earl Blumenauer (D-Ore.) announced a legislative package they said will “preserve the integrity of state marijuana laws and provide a path for responsible federal legalization and regulation of the marijuana industry.”