Analysis

Pot Bill May Set Up First Tax Showdown Of New Congress

Law360 (January 4, 2021, 5:13 PM EST) -- A Democratic drive to ease marijuana restrictions has set the stage for an early tax battle in the new Congress, with supporters seeking to seize momentum from the December passage of a framework that would decriminalize and tax the drug.

Marijuana cigarettes at a Billings, Montana, medical marijuana dispensary. More than 30 states have medicinal marijuana programs, while 15 states, including Montana, have decriminalized recreational marijuana. (AP Photo/Matthew Brown) Democrats plan to revive the Marijuana Opportunity Reinvestment and Expungement Act sponsored by House Judiciary Chairman Jerrold Nadler, D-N.Y. The bill, which would decriminalize the drug and levy a 5% tax on...

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