April 23, 2024

politics of law

Politics and Law

Democrats push bill to legalize, regulate weed

2 min read

FRANKFORT — Democratic condition legislators filed bills Thursday to legalize, regulate and tax cannabis sales in Kentucky — a single of just 13 states with a complete prohibition on both equally healthcare and recreational cannabis.

The similar costs submitted in the Household and Senate — sponsored by Rep. Rachel Roberts of Newport and Sens. Morgan McGarvey and David Yates of Louisville — would not just develop a regulatory and taxing structure for recreational cannabis, but also make the automated expungement of marijuana-linked misdemeanors within just one 12 months.

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How much funds could legalized weed deliver to Kentucky?

At a press convention Thursday, the Democratic sponsors claimed their laws would create a new signature “Kentucky Happy” agricultural market, help save thousands and thousands of dollars from the legal justice system and build a stream of revenue for state and neighborhood govt. 

Kentucky Rep. Rachel Roberts, a Democrat, represents District 67.

“Although cannabis will not be a panacea for all that ails the point out, Kentucky stands to acquire up to $100 million a year if our gross sales around individuals of our neighbors in Michigan and Illinois — but not if we retain allowing neighboring states conquer us to the punch,” Roberts said.

Roberts explained Kentucky is “leaving funds on the table” by not performing, citing Michigan raising $82.8 million in tax revenue in the initial 13 months after product sales had been legalized in December 2019, which now volume to properly over $9 million for every thirty day period.

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