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Federal Govt May Be Loosening It's Grip.....


Guest finallyfree09
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Guest finallyfree09

The state better be hoping these bills go thru to protect all the money they bring in from the card fees on the MMJ program. Everybody I know is letting their cards lapse and going back underground. Why pay the card fees if they're just going to charge under federal law anyway?

Snyder changed the program by having it run by the dept of licensing and regulation. Nobody trusts them to sit on their info and not share it with LEO. If that list gets out its nothing but a "hit list".

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just wanted to add a little more info from the links.

 

HR 1983, the State's Medical Marijuana Protection Act of 2011, introduced by Rep. Barney Frank (D-MA), would explicitly exempt people complying with state medical marijuana laws from federal arrest and prosecution. It also directs the federal government to reschedule marijuana under the Controlled Substances Act. It is cosponsored by Rep. Jared Polis (D-CO) and Dana Rohrabacher (R-CA).

 

"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 medical marijuana."

 

HR 1984, the Small Business Banking Improvement Act of 2011, introduced by Rep. Polis, would protect banks that accept deposits from medical marijuana from federal fines or seizures and allow them to avoid the onerous "suspicious activity" reports they now have to file when accepting deposits from medical marijuana businesses. That has led financial institutions including Wells Fargo, CitiCorp, and Bank of America to refuse to do business with medical marijuana entities. The bill is cosponsored by Reps. Frank and Pete Stark (D-CA), as well as Rep. Ron Paul (R-TX).

 

"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," said Polis. "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 transactions."

 

HR 1985, the Small Business Tax Equity Act of 2011, introduced by Rep. Pete Stark (D-CA), would allow medical marijuana dispensaries to deduct business expenses from their federal taxes like any other business. It is designed to prevent unnecessary audits of medical marijuana businesses by the IRS and put an end to the dozens of industry audits already underway. The bill is cosponsored by Reps. Rohrabacher and Paul, as well as Frank and Polis.

 

"Our tax code undercuts legal medical marijuana dispensaries by preventing them from taking all the deductions allowed for other small businesses," Stark said. "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. The Small Business Tax Equity Act would correct these shortcomings."

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