[caption id=”attachment_102063″ align=”aligncenter” width=”4649″] (AP Photo/The Oregonian, Beth Nakamura)
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THE HILL — Marijuana would be legalized for recreational purposes and taxed like tobacco and alcohol undernew legislation in the House.
The Regulate Marijuana Like Alcohol Act reintroduced Friday by Rep. Jared Polis (D-Colo.) would remove pot from a list of federally banned drugs.
Meanwhile, the Marijuana Tax Revenue Act, a companion bill from Rep. Earl Blumenauer (D-Ore.), would establish a federal tax structure for recreational pot but not medical marijuana.
“It’s not just the people who use marijuana, but a lot of other people are recognizing that it’s insane to shuffle billions of dollars to Mexican drug cartels when we could just be taxing it,” Blumenauer told The Hill.
Blumenauer’s bill would initially tax recreational marijuana at 10 percent and gradually raise the rate to 25 percent. But it would not tax medical marijuana at the federal level.
Read more at The Hill.
