A proposal to regulate medical marijuana industry in California sailed through a legislative barrier on Tuesday, marking the first step to tax and lay framework governing the use of recreational marijuana if it is eventually legalized.
“The current state of chaos around medical marijuana has got to come to an end,” state Assemblyman Tom Ammiano, who is a San Francisco Democrat, told Reuters.
Most U.S. states have recently moved in to do away with restrictions on the drug after Washington and Colorado voters legalized recreational use of marijuana. Several other states have legalized the use of medicinal pot. However, the federal law still considers the drug as illegal, making it difficult for states to control the burgeoning medical marijuana industry.
If the measure is approved, the proposal will lay down the framework to control the use of marijuana for recreational purposes by adults, quipped Ammiano, who has favored the move for a long time. The measure is his second attempt at pushing a legislation that seeks to control the industry.
California isn’t just finding it difficult to regulate the hundreds of pot shops that have sprouted all over since the state legalized medical marijuana 15 years ago, but other issues such as unethical prescription by crooked physicians as well as the violence tied to illegal medical marijuana farms in forests.
The bill will, among other provisions, outlaw prescription of medical marijuana to patients who haven’t been examined, and make it illegal for prescribing doctors to have financial interest in a medical cannabis dispensary.
So far, the bill has gained support from, among others the city of Oakland, who back it saying it will bring some semblance of sanity and order in the market. To register for a free 2-week subscription to ForexMinute Premium Plan, visit www.forexminute.com/newsletter.
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