Investors Cheer New Cannabis Bills

Last week, I commented on Congresswoman Tulsi Gabbard’s 5-minute speech to Congress where she made her case for the federal decriminalization of cannabis.

If you missed it, here’s the presentation …

Well, this morning a few more level-headed lawmakers introduced new measures to reform cannabis policy and support cannabis businesses.

As reported by the National Cannabis Industry Association, these reforms were introduced by a bipartisan group of senators and representatives that are looking to resolve tension between state and federal cannabis laws. Check it out …

The Small Business Tax Equity Act of 2017, introduced in the House by Rep. Carlos Curbelo (R-FL) and Rep. Earl Blumenauer (D-OR) and in the Senate by Sen. Ron Wyden (D-OR), Sen. Rand Paul (R-KY), and Sen. Michael Bennet (D-CO), would allow state-legal cannabis businesses to take normal business deductions like any other legal business. Currently, the law prohibits cannabis businesses from deducting expenses related to sales.


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