Connecticut House Appropriations Committee Approves Marijuana Legalization Bill
HARTFORD, Conn. - April 6, 2018 (Investorideas.com Newswire) The Joint Committee on Appropriations approved a bill that would legalize and regulate marijuana for adults in Connecticut on Thursday, potentially setting it up for floor consideration before the end of this year's legislative session.
HB 5394, which was introduced by the committee, would task the commissioners of Mental Health and Addiction Services and Consumer Protection and Revenue Services with developing regulations for possession and retail sales of marijuana for adults 21 and older. More details will be added to the bill as it moves forward over the coming weeks.
"This committee vote reiterates what most Connecticut residents already know: it is time to make marijuana legal for adults," said Becky Dansky, legislative counsel for the Marijuana Policy Project. "The discussions that have taken place in the legislature this year have provided more than enough information to effectively move forward with legalization. Connecticut should stop punishing adults for using a substance that is safer than alcohol, and it has an opportunity to regulate marijuana before it starts losing tax revenue to other states in the region that have already started this process."
There are nine states that have made marijuana legal for adults, as well as the District of Columbia. Neighboring Massachusetts is in the process of implementing its regulated marijuana market, and in nearby New Jersey Gov. Phil Murphy has made legalizing and regulating marijuana a priority this year.
A poll conducted by Sacred Heart University in October 2017 showed that 71% of Connecticut residents support regulating and taxing marijuana for adults.
The Connecticut Coalition to Regulate Marijuana is a coalition of citizens, organizations, and community leaders working to end marijuana prohibition in Connecticut and replace it with a system in which marijuana is regulated and taxed similarly to alcohol. For more information, visit https://www.RegulateCT.org.
Marijuana / Hemp Stocks
At Cannabisinvestorideas.com and Investorideas.com
Like Marijuana / Hemp Stocks? View our Marijuana / Hemp Stocks Directory
Join our Group on Linkedin - Marijuana / Hemp Stocks - News and Trends in Green Investing
Also check out our AI blog Global Cannabis Investing - features Investor Ideas Cannabis news
This news is published on the Investorideas.com Newswire - a global digital news source for investors and business leaders
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release on the Investorideas.com newswire https://www.investorideas.com/News-Upload/
Additional info regarding BC Residents and global Investors: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: https://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.