Posts: 2,136
Threads: 291
Reputation:
7221
Joined: May 2015
Location: Indiana
Mood: None
It's doubtful, but maybe they will.
This is an old article and was most likely already posted but I thought I would post it anyway.
http://www.higherperspectives.com/the-us-government-finally-admits-cannabis-kills-cancer-cells-1429984945.html
Song of Solomon 2:15
Take us the foxes, the little foxes, that spoil the vines: for our vines have tender grapes.
Posts: 3,032
Threads: 14
Reputation:
7162
Joined: May 2015
Mood: None
Oh, look, another cure for cancer. No, this time they're serious. They've finally, really cured it.
Posts: 38,881
Threads: 1,711
Reputation:
55832
Joined: May 2015
Location: SW PA
Mood:
(01-26-2016, 05:39 AM)JustWinBaby Wrote: Oh, look, another cure for cancer. No, this time they're serious. They've finally, really cured it.
You mean we haven't prayed it away yet?
That preacher better send me my money back then!
Your anger and ego will always reveal your true self.
Posts: 13,243
Threads: 431
Reputation:
39547
Joined: May 2015
Location: Birdland
Mood: None
State by state at first. At some point, there'll be too many states for Congress to ignore not legalizing it.
Posts: 13,473
Threads: 504
Joined: May 2015
Location: South Florida
Mood: None
BmorePat Wrote:State by state at first. At some point, there'll be too many states for Congress to ignore not legalizing it.
I think this is best. The Feds should also change its classification as well.
Posts: 10,718
Threads: 63
Reputation:
57608
Joined: May 2015
Mood: None
(01-26-2016, 10:23 AM)BmorePat87 Wrote: State by state at first. At some point, there'll be too many states for Congress to ignore not legalizing it.
Pretty much. It's still at least a decade away, but once you get a majority of states doing it, whatever state with the largest amount of industrial size growers will have enough push (lobbyist money) to get it legalized federally.
Posts: 3,032
Threads: 14
Reputation:
7162
Joined: May 2015
Mood: None
(01-26-2016, 01:29 PM)Benton Wrote: Pretty much. It's still at least a decade away, but once you get a majority of states doing it, whatever state with the largest amount of industrial size growers will have enough push (lobbyist money) to get it legalized federally.
Ehhh, unless the Feds decide to actually start enforcing the law, it's pretty much up to the states if they want to legalize it.
Not sure what happens if they change the classification making it no longer federally illegal. I would assume states could still ban it, but maybe not. Leaving the law on the books but not enforcing it pretty much allows the states to do whatever they want.
Posts: 3,267
Threads: 195
Reputation:
16836
Joined: May 2015
Location: Well, ain't this place a geographical oddity. Two weeks from everywhere!
Mood: None
They are going to start noticing the amount of money coming in from the legalization of it in each state and that is going to be the deciding factor when they legalize it. The feds will want a piece of that pie. Hopefully its going to be in the next 5 years.
Deceitful, two-faced she-woman. Never trust a female, Delmar, remember that one simple precept and your time with me will not have been ill spent.
Posts: 10,718
Threads: 63
Reputation:
57608
Joined: May 2015
Mood: None
(01-26-2016, 01:35 PM)JustWinBaby Wrote: Ehhh, unless the Feds decide to actually start enforcing the law, it's pretty much up to the states if they want to legalize it.
Not sure what happens if they change the classification making it no longer federally illegal. I would assume states could still ban it, but maybe not. Leaving the law on the books but not enforcing it pretty much allows the states to do whatever they want.
I'm curious about the federal tax aspect, mainly as it relates to business. If a business growing and selling a legal product in Colorado — but an illegal one with the federal government — how can they claim any business expenses at that level? I don't see it as any different than a meth maker writing off mileage to go pick up fertilizer and batteries, but I'm guessing the IRS wouldn't consider that a business expense.
And you're correct, at least from the lawmakers I've talked to. If declassified, it would be up to states. Since most (all?) already have some laws regarding marijuana, those laws would be in effect, just as they already are unless superseded by federal law.
Posts: 16,257
Threads: 415
Reputation:
60100
Joined: May 2015
Location: Shenandoah Valley
Mood:
Unfortunately, Virginia's bills on the matter failed to leave the subcommittees.
Posts: 3,277
Threads: 9
Reputation:
11773
Joined: May 2015
Mood: None
Since smoking weed isn't a fundamental right, I doubt that there will ever be a Supreme Court ruling a la gay marriage or anything like that.
It'll go state by state, and I'm sure some will never legalize, but many more will once they realize the money that is to be made.
Posts: 3,032
Threads: 14
Reputation:
7162
Joined: May 2015
Mood: None
(01-26-2016, 02:14 PM)Benton Wrote: I'm curious about the federal tax aspect, mainly as it relates to business. If a business growing and selling a legal product in Colorado — but an illegal one with the federal government — how can they claim any business expenses at that level?
Haha, my accounting prof actually used this example. You can take the fifth on source of income, but can still deduct the cost of goods sold. IRS is not legally allowed to share that information with other agencies.
From what I've seen, these companies have been extremely careful on how to comply with laws, including anti-money laundering with banking.
Posts: 10,718
Threads: 63
Reputation:
57608
Joined: May 2015
Mood: None
(01-26-2016, 02:40 PM)JustWinBaby Wrote: Haha, my accounting prof actually used this example. You can take the fifth on source of income, but can still deduct the cost of goods sold. IRS is not legally allowed to share that information with other agencies.
From what I've seen, these companies have been extremely careful on how to comply with laws, including anti-money laundering with banking.
Interesting. I didn't know that was an option. So I can quit laundering my organ harvesting business through my rental properties? Hypothetically speaking.
|