[Ibogaine] common sense isn't dead yet
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Thu May 26 16:44:50 EDT 2011
House Democrats introduce three medical marijuana reform bills
Congressman Pete Stark (D-CA), Congressman Barney Frank (D-MA) and
Congressman Jared Polis (D-CO) introduced legislation to the House on
Wednesday aimed at ensuring the medical marijuana industry is treated
like any other business.
The legislation was supported by Republican Reps. Dana Rohrabacher (CA)
and Ron Paul (TX).
The Small Business Tax Equity Act, introduced by Stark, authorizes
medical marijuana dispensaries to take the full range of business
expense deductions on their federal tax returns, like other legal
businesses are allowed to.
"Our tax code undercuts legal medical marijuana dispensaries by
preventing them from taking all the deductions allowed for other small
businesses,” Stark stated. “While unfair to these small business owners,
the tax code also punishes the patients who rely on them for safe and
reliable access to medical marijuana prescribed by a doctor."
Fifteen states and the District of Colombia have passed laws permitting
marijuana to be used as medicine.
Another bill, introduced by Frank, would make individuals and business
immune to federal prosecution if they are acting in compliance with
local marijuana laws. Additionally, the legislation would direct the
White House to reschedule marijuana under the Controlled Substances Act
so that it is no longer considered a highly addictive substance with no
Marijuana is currently listed as a schedule I drug, the most restrictive
schedule with the greatest criminal penalties.
“The time has come for the federal government to stop preempting states’
medical marijuana laws,” Frank said. “For the federal government to come
in and supersede state law is a real mistake for those in pain for whom
nothing else seems to work. This bill would block the federal
prosecution of those patients who reside in those states that allow
Lastly, legislation introduced by Polis would ensure that medical
marijuana businesses that are state-certified have full access to
“When a small business, such as a medical marijuana dispensary, can’t
access basic banking services they either have to become cash-only—and
become targets of crime—or they’ll end up out-of-business,” Polis said.
“In states that have legalized medical marijuana, and for businesses
that have been state-approved, it is simply wrong for the federal
government to intrude and threaten banks that are involved in legal
American Express is no longer allowing transactions
to be processed at medical marijuana dispensaries nationwide. A
spokesperson said the company made the decision to not allow its credit
cards to be accepted for medical marijuana because it is their "policy
to adhere to the federal law in such matters."
“It is quite obvious the federal war on drugs is a disaster," Paul
added. "Respect for states’ rights means that different policies can be
tried in different states and we can see which are the most successful.
This legislation is a step in the right direction as it removes a major
federal road block impeding businesses that states have determined
should be allowed within their borders.”
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