Congress, Don't Give the Marijuana Industry a Tax Cut | Opinion
The Trump administration's mantra is to cut waste and cut costs. So, it might seem unthinkable that the federal government would give an addictive industry a tax cut. But that's exactly what many are proposing.
Last year, companies that make highly addictive and dangerous drug products spent more than $4.5 million convincing lawmakers that today's high-potency marijuana and psychoactive THC drugs are safe. Among their top priorities was supporting former president Joe Biden's push to make marijuana a Schedule III drug. That would cost the federal government billions in revenue at a time when it needs every penny to close the budget gap and assist middle-income Americans struggling with inflation.
The addiction industry has marketed the effort to reclassify marijuana as a leap forward for research and criminal justice reform. In reality, it is neither of those things. Extensive research already occurs on marijuana in the United States and Europe, which is why we have a growing corpus of scientific and medical data about its harms, which include a significant risk of psychosis and schizophrenia. President Biden already signed a law in December 2022 that expanded research opportunities for........
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