This week, the federal government made the formal move to reclassify marijuana as a less dangerous drug, and it seems people agree, after a new study found more Americans are using marijuana daily.
So how would this change in marijuana drug laws impact Phoenix?
The reclassification wouldn’t just cut taxes for Mint Cannabis. Molina says it would allow him to take out loans, grow his business, and hire more people. But critics say more regulations should be in place before the feds make the change, pointing to marijuana’s potential side effects, such as addiction, schizophrenia, and psychosis.
“Ultimately, this keeps marijuana illegal federally. But what it does do is it gives the marijuana industry a major tax write off for all of their advertising expenses. And from a public health perspective, that’s really concerning, because we know that the industry is targeting kids with cartoon characters and Girl Scout cookie flavors,” said Luke Niforatos, Executive Vice President of Smart Approaches to Marijuana. “I think it just sends a bad message.”
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