give me a break. look, i worked on this issue when worked for then senator barack obama when he was in the senate the first two years of his first term, and we took on ethics reform and all, boy talk about becoming unpopula quickly. it is just not an issue that most members of congress wan to deal with i wish i had better news for you stephanie. i think as long as this is legal, as long as they are allowed not to put, or not required to put them in a blind, trust or allowed to buy sell and trade stocks, here are jus going to have the swapping o
dollars off the legalization o it in certain states is there enough political will to at the very least expunge the criminal records fro cannabis related offenses? well for starters, th federal government canno expunge state records, and the majority of people who hav been put in prison or have arrest records for cannabi related crimes are at stat level. what the federal governmen wanted to propose out there is to give states money so that i there is an expungement program, the state wants to put forward and it is going to cost people paperwork money, or cost the state they will have to hire people to go through and expunge these records, the would have some funding help from the federal government to do those things. where the federal government really might move in thi congress, though is on tha save making actually mentioned and that is where they might attach that bill which i called the hope act. it is sponsored by -
cartels, or drug sellers fro writing their business expense off that they were selling cocaine or heroin. however, because cannabis is a schedule one drug, it also applies to cannabis. so you have dispensaries tha are functioning with illegal markets in places like washington state, or california, that can t write off their payroll expenses, were these things that they purchased for their dispensary so they are paying incredibl high taxes that is actually having really big impact on the cannabis industry. a lot of them are losing money still, even though it lot of people are buying marijuana. every other business ca write off their expenses, just not cannabis businesses. a congress person pointed ou at that summit today that wa put on by the cannabis industry, the hypocrisy, the patchwork o different laws across th country. sitting in prison for years fo pot offenses, while othe people are making millions o
older generation, often of lawmakers, many of whom came o age during say no to drugs there, the reagan era when marijuana was really perceived as being a bad thing tha people needed to stay away from and like what he haralson said in that clip, while not a lo of people want to smoke pot, not a lot of people want to be criminalized towards anymore there is a disconnect betwee americans and congress for sure let s talk about th business, because there s a lo of talk today about the safe banking act working its wa through congress, finally it would allow banks to d business with companie operating in states where po is legal explain to us why this is so important, and specificall while this is a scheduled on drug, how businesses get doubl taxed? yes, so right now there are some banks in some states that will - for cannabis businesses, but
would not solve all th problems what you mention with taxes and that was a tax code that was passed in the 19 80s, an it was intended to keep drug cartels, or drug sellers fro writing their business expense off that they were selling cocaine or heroin. however, because cannabis is a schedule one drug, it also applies to cannabis. so you have dispensaries tha are functioning with illegal markets in places like washington state, or california, that can t write off their payroll expenses, were these things that they purchased for their dispensary so they are paying incredibl high taxes that is actually having really big impact on the cannabis industry. a lot of them are losing money still, even though it lot of people are buying marijuana. every other business ca write off their expenses, just not cannabis businesses. a congress person pointed ou at that summit today that wa put on by the cannabis industry, the hypocrisy, the patchwork o different laws across th country. sitting in