Hearing on tax/reg bill in Massachusetts
H1371, An Act to Regulate and Tax the Cannabis Industry, is scheduled for hearing before the Joint Committee on the Judiciary of the Massachusetts legislature. The hearing is scheduled for Tuesday, March 6, 2012, at 1:00 PM in Room A-2 of the Statehouse in Boston. Here is a FAQ Sheet, and here is the notice to Massachusetts activists that went out on February 8, 2012.
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This is an excellent step in the right direction not only for MA, but for the entire country. In taxing the cannabis industry, a high profit will be made by regulating it and taxing it. Also, this will allow research to be performed by highly qualified medical doctors in order to perfect Medicinal Marijuana. It would be a great accomplishment for MA to be the first state to make the right decision in order to help with the current economy. If this does pass, I will be interested to see how the Federal Government will react because according to the DEA, Marijuana is a schedule I drug and is illegal in the US.