senate majority leader introduce decriminalization bill what's your thoughts?

cancerkiller

Well-Known Member
idk.
will somebody please read this and give me the cliff notes.
 

Rozgreenburn

Well-Known Member
I tried, fuckin legalese. Not much for us, mainly clearing ground for research and pushing for the Fed from stopping banks from working with canna businesses. Seems they will try to drag this out as long as possible. Baby steps...
 

mudballs

Well-Known Member
I tried, fuckin legalese. Not much for us, mainly clearing ground for research and pushing for the Fed from stopping banks from working with canna businesses. Seems they will try to drag this out as long as possible. Baby steps...
thanks for the summation, i care but also i dont cuz imma growing anyway lol, but i didn't want to open and read that...so its still a controlled and dangerous substance...got it....our esteemed leaders everyone.
 

piney420

Active Member
Let’s get to what matters! This bill is total bullshit. A huge surprise, it's about taxes, fees, and federal regulation and control.

https://int.nyt.com/data/documenttools/the-cannabis-administration-and-opportunity-act/6ae57fc5bae6ada6/full.pdf



Page 13- “Under present law, alcohol and tobacco products are subject to federal taxes as well as state excise taxes. While cannabis businesses are subject to federal income taxes and certain state excise taxes, cannabis products are not subject to any federal excise tax.

“Federal alcohol and tobacco taxes apply differently depending on the type of product. Some products are taxes based on volume, while other taxes are based on potency, and others are based on a percentage of price (for example, cigars are taxed at roughly 50 percent of their sales price.)"



Page 16 & 17- “The Federal Alcohol Administration Act requires any person producing alcoholic beverages or selling alcoholic beverages at wholesale obtain a permit from the Treasury Department. In addition, any person producing a taxable alcoholic beverage must register with the Treasury Department for tax purposes. Federal food facility registration may also be required by FDA.

“The Family Smoking Prevention and Tobacco Control act requires manufacturers of tobacco products to register with the FDA. Manufacturers of tobacco products must separately register with the Treasury Department for tax purposes.

“Generally, an alcohol or tobacco permit may be denied or revoked if the premises is inadequate to prevent tax evasion or diversion, operation of the premises do not comply with federal or state law, … or the applicant lacks sufficient business experience or financial standing. In addition, an alcohol permit application may be denied if the applicant has been convicted of a felony violation under federal or state law in the preceding five years, or a misdemeanor violation in the preceding three years related to alcohol. A tobacco permit application may be denied (or revoked) if the applicant has ever been convicted of a felony violation under federal or state law related to tobacco products.”



Page 17- “Strict rules apply to the operations of tobacco and alcohol production facilities, intended to prevent tax evasion and smuggling. These rules include requirements for facility security, rules regarding entry and inspection by government regulators, and requirements for record keeping and reports. In addition, manufacturers of alcohol and tobacco products may be required to maintain a surety bond, which serves to guarantee payment of excuse tax liabilities in the case that a manufacturer fails to pay.”


Proposal

Page 18- “The general rate of tax would be 10 percent for the year of enactment and the first full calendar year after enactment. The tax rate would increase annually to 15 percent, 20 percent, and 25 percent in the following years. Beginning in year five and thereafter, the tax would be levied on a per-ounce rate in the case of cannabis flower, or a per-milligram of THC rate in the case of cannabis extract. The applicable rate for year five and thereafter would be a per-ounce or per-milligram of THC amount determined by the Secretary of the Treasury equal to 25 percent of the prevailing price of cannabis sold in the United States in the prior year.”



Establishment and Permitting

Page 19- “Sec 511 of the Discussion Draft would require any person selling cannabis products at wholesale to obtain a permit from the Treasury Department. In addition, any person producing taxable cannabis products must obtain a Treasury Department permit and register for tax purposes. A producer of cannabis products would also be required to register with the FDA.”


So cliff notes, this bill is all about taxing the crap out of pot.
 
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Fatleg77

Well-Known Member
Our country is sick and poor and the fat pigs on the hill will ultimately only legalize federally for the lure of billions in tax dollars effectively continuing to fuck us all as usual
 

Rozgreenburn

Well-Known Member
Our country is sick and poor and the fat pigs on the hill will ultimately only legalize federally for the lure of billions in tax dollars effectively continuing to fuck us all as usual
Blue, red, who cares, throw the fuckers out, all they can do is spend our money, poorly. We should pay congress and senate twice what they currently make, with the express understanding, at the first sign of graft, kickbacks or any corruption, They go straight to prison! No white collar club Fed., just hard time in gen pop. They have to know what a good ass reaming is all about. Then and only then, the Execution. You can bet they would soon have our best interest in mind...Hey a guy can dream...
 

OVH

Well-Known Member
I love it. The govt says “legalize” what they should say is “only let our friends grow and have massive profit, (they give us some in taxes for the monopoly so it’s cool) and still throw anyone in jail for having more than 3 plants.”
 
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