How The Government Is Hurting The Marijuana Business
Recently, a pharmaceutical research and manufacturing center in New York was repurposed for the intent of growing and refining medical marijuana. In fact, with the spread of legalized or decriminalized weed, corporations have been scrambling to cash in and gain market share on this legally murky drug. But why isn't corporate weed more common In countries like Canada, medical marijuana is a big business. But originally, there were few limits on who could grow marijuana to resell. Between government growops, private farms, and small businesses all doing the same thing, police and local governments ended.
Up regularly complaining about the unregulated system. Today, medical marijuana users in Canada are limited to one of several large, government approved, corporate growers. They are expected to bring in over 3 billion Canadian dollars over the next ten years. But in the United States, the federal government is less accepting of large or small scale growers. Since marijuana is still technically illegal on a federal level, the risk involved is significantly higher, and the whole process is more complicated. Growers are prohibited from using federal water in their operations, and many banks have been reticent to loan.
Or accept marijuana money. And although the Department of Justice has promised to cool off on prosecutions, they still openly threaten the marijuana business. In a memo to US attorney, the DOJ reaffirmed that marijuana was a quote dangerous drug and that they would continue enforcing antidrug laws. Their regulatory attempts at stopping interstate trafficking, use by minors, intoxicated driving, and perhaps most ironically, criminal revenue from pot sales, threaten the US marijuana industry. On top of everything else, the foggy legality of marijuana creates significant tax revenue problems. Pot falls under section 280E of the tax code, which prohibits tax credits.
Or deductions on any federally illegal drugs. In response, the IRS points the blame at Congress, which has thus far refused to decriminalize. There are a number of hurdles to clear before an effective system of sales and revenue can be established. Looking at Colorado, it's clear that the federal government is missing out on at least some significant taxable income. In just the year since it was legalized in that state, pot brought in $36.5 million dollars in taxes alone. That's not to mention the ancillary jobs created and money made from increased tourism. Still, marijuana legislation.
Will Canada Legalize Marijuana
Well the major parties in canada has seen a bold move the liberals the federal liberals have overwhelmingly approved a resolution called police jen adolescent of marijuana workshop full of good news today are uh. in the past they'd call for decriminalization as has the indy pete in canada uh. but now they are calling a for a complete legalization and regulating of its perfect production associate with with alcohol this is seen is that very large that because the other party there ordinary anywhere else in north america has gone.
Uh. to that point and date correctly point out that of course uh. the drug war has been a total failure inspired it what what we're going to have a corner any second now and putting all these people in prison for using drugs let alone are all other absurdities of the war is just insanity uh. and then after the resolution was approved the intermediary bond rate immediately indoor state and remember though liberals were trust in the last election uh. they're down to just thirty four seats in the parliament.
And effort uh. to reinvented reinvigorate the youth movement within the liberal party and uh. bay this was proposed by the youth wing in that party they also propose uh. cutting prices on monarchy probably that was a bridge too far but given the liberal party in general will not be going in that direction which i find amusing but of course it's much more intertwined in canada's constitution enhanced uh. a little messier proposition oneday prosperity fingers america will stop the cuban embargo after a hundred eighty five years of it.
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Brown OKs Medical Marijuana Regulations
LIVE IN SKY 9 BACK TO THE STUDIO. STU THANK YOU. IT TOOK TWO DECADES BUT TONIGHT CALIFORNIA IS FINALLY GETTING A SERIES OF STATE LAWS TO REGULATE THE MEDICAL MARIJUANA INDUSTRY. IT COMES AT A TIME WHEN CALIFORNIANS MAY BE VOTING ON WHETHER TO LEGALIZE RECREATIONAL MARIJUANA. POLITICAL REPORTER DAVE BRYAN TELLS US WHAT THIS MEANS. REPORTER FOR DECADES NOW CITIES TOWNS AND COUNCILS THROUGHOUT CALIFORNIA HAVE BEEN DEBATING AND STRUGGLING WITH HOW TO REGULATE THE BILLIONDOLLAR MEDICAL MARIJUANA INDUSTRY. IN MANY CASES HOPING THAT THEY WOULD COME UP WITH ILLEGAL CODE.
THAT COULD BE FOLLOWED THROUGHOUT CALIFORNIA. NOW THAT DAY HAS FINALLY COME. GOVERNOR BROWN CAPPED OFF A FLURRY OF FUEL SIGNING BY PUTTING SIGNATURE ON A PACKAGE OF BILLS HE EXPECTS WILL BRING ORDER AND RULES TO THE MEDICAL CANNABIS INDUSTRY. IN A SIGNING STATEMENT THE GOVERNOR SAID, THIS NEW STRUCTURE WILL MAKE SURE PATIENTS HAVE ACCESS TO MEDICAL MARIJUANA WHILE ENSURING A ROBUST TRACKING SYSTEM. ALTHOUGH SOME OF THE NEW RULES FOR CULTIVATING TRANSPORTING AND SELLING THE MARIJUANA WON'T GO INTO EFFECT FOR THREE YEARS, SOME LOCALS BELIEVE THEY ARE.
LONG OVERDUE COMING NEARLY 20 YEARS AFTER THE VOTE TO LEGALIZE MEDICAL MARIJUANA IN CALIFORNIA AND FOR MUCH OF THAT TIME EXISTING LOCAL REGULATIONS HAVE BEEN ALL OVER THE MAP RANGING FROM OUTRIGHT BAN IN SOME CITIES ALMOST ANYTHING GOES AND SOME OTHERS. WITH THE SALE OF MEDICAL MARIJUANA BEING LOOSELY REGULATED THAT ALMOST ANYONE COULD BUY IT. THE BILL SIGNED INTO LAW BY GOVERNOR BROWN WOULD IMPOSE COMPLEX REGULATIONS RANGING FROM MEDICAL MARIJUANA TESTING TO LICENSING PRODUCERS AND DISPENSARIES. STATE AGENCIES WILL REGULATE THE ENTIRE PROCESS FROM CULTIVATION TO SAIL AND UNDER THE NEW RULES.
MUCH OF THE MARIJUANA INDUSTRY MUST GET PERMITS FROM BOTH STATE AND LOCAL AGENCIES. CONTACT CITIES AND COUNTIES CAN STILL RESTRICT OR BAN MEDICAL MARIJUANA IN THEIR COMMUNITIES IF THEY CHOOSE TO DO SO GOOD NOW IN ABOUT 13 MONTHS CALIFORNIA VOTERS WILL LIKELY FACE A BALLOT PROPOSITION THAT WOULD LEGALIZE THE SALE AND USE OF RECREATIONAL MARIJUANA AS WELL. SO IN SOME RESPECTS THE NEW REGULATIONS SIGNED INTO LAW BY THE GOVERNOR MAY BE LAYING THE FRAMEWORK FOR WHAT COULD HE COMING NEXT. TONIGHT THE SACRAMENTO BEE REPORTS THE MEDICAL BILL PASSED.
New Marijuana Crackdown Tactic By Obama Admin
Raw talent has decided to decriminalizing marijuana in their state uh. possessing accounts are less of marijuana is a civil violation with a one hundred fifty dollar fine at three violations of that eighteen months of the admits to me at with the larger finance possibly some prison time goblets rhode island computer what you have to work hard in the car three times in the span of eighteen months having a if you're going to the police tickets vocal majority right in front of them alright at some point in whether you're in prison but that's a pretty.
Good laminates deftly had on the right direction uh. rhode island so sixteen states that have decriminalizing medical marijuana yet of course the with other whether that produce a bill obama administration doesn't care anyway yet they do a crack downs in states where medical marijuana's legal regardless in fact let's talk about those crackdowns little bit right now have been criticized for doing a great spy in medical marijuana clinics and things like that but what they're doing now is there x hockey the property owners that will leave sat you know and.
Realestate but it's not marijuana for starters so if you're renting to dispensary uh. they say we annette teacher building he liked using more mercy i mean he got uh. understand obviously the scale that punishment is unbelievable that's their livelihood it could be millions of dollars et cetera and you're saying to them well by you're the equivalent of someone who's housing a drug running operation so according to our laws we get to take your property they were to send out a couple of notices to people in california and not.
Notices a word gone after a couple people endured proceedings and then they send out uh. letters so that i think the key numbers are so according to the huffington post federal prosecutors in los angeles last week filed to asset forfeiture law suits against buildings housing free medical marijuana as sources santa fe springs they also said some problem warning letters dozens of area of property owners threaten a similar legal action now keep in mind that this property owners would have to spend hundreds of thousands of dollars defending.
Themselves against the government law suits a lot of them get scared they say okay you're out we need to addict you immediately about my dad used to manage a realistic he would get get those guys out into immediately imagine the panic and my dad a mighty is building that's all we rely on for all of our you know it got me black we are not believe it and i don't know anyone in the same thing that you know and so i think unfortunately is gonna be incredibly effective so thank you all.
Violate ministration another way that you're cracking down on something you said you would not crack down another campaign promise broken for no damn reason at all let's talk about how cowardly deal bobby ministration is because the reason why they've decided to take this route is because they've been criticized for all the it's a baby doing domain iran just attacked israel state honors and find a way to intimidate and scare that so they can easily americana clinics so i'm not too it's two layers of being afraid of opponents first they.
Were afraid of the right wing so they said oh you will do all these crack down the road is that one there was even any big movement to say oh my god you got a crackdown on drug dispensary is when they're perfectly legal in those states is that our but they are always in a panic ok feelings to one of the right wing tells us to do and then now they get criticized the razorlight okay well we don't want any criticism so said we'll do something worth something that's actually more.
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