Last week, the Illinois House gave final approval to a bill that includes provisions that would eliminate the state’s conformity with Internal Revenue Code (IRC) Section 280E. The enactment of this provision would represent a small, but important state tax relief for marijuana businesses despite ongoing federal cannabis prohibition.
The lesson here is pretty straightforward. As Tenth Amendment Center Executive Director Michael Boldin noted, “When enough people say, ‘No!’ to the federal government, and enough states pass laws backing those people up, there’s not much the feds can do to shove their so-called laws, regulations, or mandates down our throats.”
A bipartisan bill introduced in the Ohio Senate would legalize marijuana for adult use and create a regulatory structure for cannabis commerce in the state despite ongoing federal cannabis prohibition on the same.
A bipartisan bill introduced in the Ohio Senate would legalize marijuana for adult use and create a regulatory structure for cannabis commerce in the state despite ongoing federal cannabis prohibition on the same.
While a small town decriminalizing cannabis may not sound significant, it is part of a larger movement in Ohio. More than three dozen Ohio localities have enacted decriminalization through local ballot measures over the last few years. Meanwhile, major Ohio cities including Cincinnati, Columbus and Cleveland have decriminalized marijuana through city council action.