Join our smart investors - Get the best stock directories in  blockchain, cannabis, crypto, AI, IoT, cleantech. Daily podcasts in cannabis and crpto. Just $99  a year

Maryland Lawmakers Introducing Legislation to End Cannabis Prohibition in Maryland

SB0771 and HB0656 would regulate and tax cannabis for adults 21 and older; a separate proposed constitutional amendment to create a similar system, HB0632, would require voter approval

 

ANNAPOLIS, Md. - February 7, 2019 (Investorideas.com Newswire) State lawmakers in both chambers filed legislation Wednesday that would end cannabis prohibition in Maryland.

SB0771, sponsored by Sen. William C. Smith, Jr., and HB0656, sponsored by Del. Eric Luedtke, would make cannabis legal for adults 21 and older and establish a system in which cannabis is regulated and taxed for adult use. Past convictions for cannabis possession and cultivation would be automatically expunged. A summary of the legislation is available at http://bit.ly/HB0656-SB0771.

Del. David Moon filed a constitutional amendment, HB0632, which would establish a similar system. If enacted, it would be placed on the ballot and decided by Maryland voters in November.

"A strong and steadily growing majority of Marylanders think it is time to end cannabis prohibition," said Olivia Naugle, legislative coordinator for the Marijuana Policy Project. "One way or another, cannabis is going to become legal for adults in Maryland.

"These bills propose a sensible system in which cannabis is regulated, taxed, and treated similarly to alcohol," Naugle said. "They would bring cannabis production and sales above ground so that they can be conducted by licensed, taxpaying businesses rather than criminal enterprises. Most importantly, this legislation would improve public health and safety, but it would also have the bonus of generating significant new tax revenue for the state."

A September 2018 Goucher Poll found 62 percent of state residents support making cannabis legal for adult use, up from 58 percent in 2017 and 54 percent in 2016. Only one-third of residents are opposed, according to the 2018 poll.

"States around the country are rolling back prohibition and finding that regulating cannabis works," Naugle said. "Maryland has the opportunity to learn from other states, determine what has worked and what can be improved, and develop a system that can serve as an example for the rest of the country."

Nine states have enacted laws regulating and taxing marijuana for adult use. In addition, Vermont and Washington, D.C. have enacted laws making marijuana possession and cultivation legal for adults, and their governments are now considering proposals to regulate commercial production and sales.

The Maryland Cannabis Policy Coalition is a coalition of citizens and organizations committed to ending the failed policy of cannabis prohibition and replacing it with a system in which cannabis is regulated and taxed similarly to alcohol. For more information, visit http://www.MarylandCannabisPolicy.org.


Marijuana / Hemp / Cannabis Stocks at Cannabisinvestorideas.com and Investorideas.com

Investorideas Potcasts is on Facebook  Follow Investorideas Potcasts on Twitter  Investorideas Potcasts is on Instagram  Investorideas Potcasts is on LinkedIn Group 

Investorideas.com potcasts - Listen Daily to Investor Ideas Potcasts #Cannabis News and Stocks on the Move

Check out our stock directory of publicly traded CSE, TSX, TSXV, OTC, NASDAQ, NYSE, ASX Marijuana / Hemp Stocks

Follow Pot stocks news - Get News Alerts on Marijuana Stocks


Investorideas.com Newswire

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.

Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Investor Ideas does not condone the use of cannabis except where permissible by law. Our site does not possess, distribute, or sell cannabis products.