Source: NORML

California’s highly publicized effort to legalize the commercial cultivation and sale of cannabis is getting some well-deserved company!

A pair of bills — House Bill 2929 and Senate Bill 1801 — seeking to “tax and regulate the cannabis industry” have just been introduced in the Massachusetts legislature.

These proposals seek to legally regulate the commercial production and distribution of marijuana for adults over 21 years of age. Like California’s proposal, they would impose licensing requirements and excise taxes on the retail sale of cannabis. By some estimates, these taxes could raise nearly $100 million in annual state revenue.

Adults who possess or grow marijuana for personal use, or who engage in the non-profit transfer of cannabis, would not be subject to taxation under the law.

Read more: http://norml.org /

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