Maryland lawmakers took another step toward creating a regulated market for adult use of marijuana on Friday, holding a hearing on the reform proposal months later. Voters agreed to legalize the ballot paper last year.
The House Economic Affairs Committee discussed the legislation from the Dells. CT Wilson (D) and Vanessa Atterbury (D), while taking testimonies from dozens of people as members, raised questions about different judgments.
The measure is intended to get the state ready to regulate the cannabis trade. A state law legalizing possession of up to 1.5 ounces of marijuana for adults takes effect July 1.
Wilson, who chairs the committee, said in his opening remarks that he was “not here to create a cash cow for the state or to establish a market for the schnapps.”
Instead, he said, lawmakers are trying to “organize this so we can use safe and basically get rid of the black market with proper oversight” and “keep Marylanders safe if they choose to participate in the substance.”
This is what HB 556 will be done:
Cannabis will be taxed at six percent in the first fiscal year beginning this summer. It will increase by one percent each year until 2028, max
Read the full article at Marijuana moment