States Act will ease federal restrictions on marijuana businesses

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Nevada’s recreational marijuana industry has been up and running for nearly a year, now.  In fact, along with Nevada, eight other states have decided to legalized pot.  But marijuana is still illegal at the federal level.

Marijuana sales in Nevada are still going strong.  

“Your total today is going to be $85.14,” the cashier said.

The Source Dispensary has two valley locations. The owner, Andrew Jolley, says business has been strong despite his industry being at odds with the federal government.

But a new bill in Congress, the “States Act, would ease most of the federal restrictions for marijuana businesses. 

“It will allow banking to take place; it will allow hemp to be grown in states where it’s legal, and it will exempt marijuana from the Controlled Substances Act in states where there’s legalized cannabis,” Jolley said.

Nevada Senator Catherine Cortez Masto, D-NV, is one of the sponsors of the bill.  She hopes it will once and for all bring marijuana businesses out of the shadows in states with regulated cannabis industries.

“Because at the federal level, there was always this concern that the feds would come in and prosecute. So, this States Act actually prevents that,” Sen. Cortez Masto said. 

A spokesperson for Senator Dean Heller, R-NV, says he supports the reforms in the bill, though he has not signed on as a co-sponsor. President Donald Trump twice has said he will sign the bill.

State Senator Tick Segerblom, D-Clark County, says Nevada’s strong cannabis industry would only get stronger under the bill.

“There’s been virtually no problem in the industry,” St. Sen. Segerblom said.  “We’ve sold over a million dollars a day; now we’re up to about a million and a half dollars a day. The tax revenues are going to be $120 million for the total state. It’s really incredible what they’ve done.”

A similar bill is being introduced in the House of Representatives.  Nevada Congresswoman Jacky Rosen is a co-sponsor of that bill.

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