Feb 06, 2013
Rep. Jared Polis (D-CO) introduced the Ending Federal Marijuana Prohibition Act of 2013. If passed, the bill would remove marijuana from Schedule I of the Controlled Substances Act and institute a system similar to the alcohol regulatory structure that federally regulates marijuana. It would also transfer jurisdiction over marijuana from the Drug Enforcement Administration (DEA) to a newly renamed Bureau of Alcohol, Tobacco, Marijuana, Firearms, and Explosives.
Rep. Earl Blumenauer (D-OR) introduced the Marijuana Tax Equity Act, which calls for an excise tax of marijuana at the federal level. It also requires the IRS to develop a steady understanding of the industry. After the first two years, and every five years following, the IRS would produce a study of the trade, offering recommendations to Congress so as to improve upon the administration of the tax. Who ever thought that the words “IRS” and “taxes” would be cause for celebration?
The introduction of these bills was largely inspired by the passage of legalization initiatives last November in Colorado – where MPP provided most of the funding for the campaign – and in Washington state.