Federal marijuana taxes could hit 25% under Senator Chuck Schumer’s legalization plan. The vast majority of Americans want to have legal cannabis on a federal level, there are numerous polls that support this notion. The problem, however, comes down to “how” it is supposed to be done. For the past few years, Senator Chuck Schumer has been the most vocal about legalizing cannabis on a federal level and has been attempting to push his cannabis legalization bill which aims to remove cannabis from the controlled substance act, while also creating provisions for minority business owners to gain easier access to cannabis licensing. One would think that this would not have too much opposition, however, as of now, the bill has not gained too much traction. One of the main reasons comes down to taxes. While the senator might be well-intentioned in his approach, his proposal of high taxation got a lot of flak from cannabis reformists.
Terry Hacienda, The Fresh Toast, 03/15/2022 08:00:00