Massachusetts House Approves Bill To Amend Cannabis Laws

Massachusetts House Approves Bill To Amend Cannabis Laws
High Times

The Massachusetts House of Representatives overwhelmingly voted on Wednesday to approve a bill amending the state’s weed laws, including significant social equity investments and the addition of cannabis consumption cafes to the state’s roster of regulated pot businesses. Lawmakers in the House voted 153-2 to approve the bill, which is nearly identical to a measure passed by the Massachusetts Senate in April. House Speaker Ron Mariano issued a statement quoted by the Boston Globe, saying the bill aims “to create a fair and successful cannabis industry, fostering equitable opportunities to those disproportionately impacted by the systemic racism of historic drug policy.” The bill makes several changes to existing cannabis laws in Massachusetts, where voters approved a ballot measure to legalize cannabis for use by adults in 2016. Since then, recreational pot retailers in the state have sold more than $3 billion in weed products, according to a report from the Massachusetts Cannabis Control Commission that was released the same day the bill was approved in the House. Adam Fine, a partner with the cannabis law firm Vicente Sederberg, says that the “legislation marks the House of Representatives’ first significant movement on cannabis since adult-use legalization.” “Components of the bill address some of the concerns that have been identified over the past five years, particularly around social equity, host community agreements and movement towards allowing social consumption sites,” Fine wrote in an email to High Times. “The proposal creates the Social Equity Trust fund for social equity operators and provides a mechanism for money to be raised to help applicants enter the cannabis space.” New Investments in Social Equity Under the bill, 20% of the pot taxes collected in the state will be dedicated to investments in cannabis social equity businesses. The share of revenue is higher than the 15% detailed…

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Source : Massachusetts House Approves Bill To Amend Cannabis Laws

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