Senate Finance Committee Vice-Chair Brian J. Feldman (D-Montgomery) has filed legislation to legalize adult-use cannabis and pump funding into communities that have been adversely impacted by its current criminalization.
The bill has a powerful set of cosponsors, including Senate Majority Leader Nancy J. King (D-Montgomery), Budget and Taxation Chair Guy J. Guzzone (D-Howard), Judicial Proceedings Committee Chair William C. Smith Jr (D-Montgomery) and Vice-Chair Jeffrey D. Waldstreicher (D-Montgomery).
He also has Senate President Bill Ferguson (D-Baltimore City).
In a phone interview with Maryland Matters, Feldman described the bill plainly: “It’s a cannabis legalization bill that would tax and regulate cannabis sales,” he said.
But it does a lot more than decriminalize: several measures in the bill look to address socio-economic and criminal justice inequities experienced in Black and Brown communities.
Under Feldman’s legislation, businesses in the state’s existing medical cannabis industry would pay fees into a social equity fund to be used for low-interest loans for minority business owners to enter the industry.
Additionally, a portion of the tax revenue from the newly legalized field would be fed into a Community Reinvestment and Repair Fund, which would provide housing assistance, scholarship aid, re-entry programs and other services in communities…
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Senate Finance Committee Vice-Chair Brian J. Feldman (D-Montgomery) has filed legislation to legalize adult-use cannabis and pump funding into communities that have been adversely impacted by its current criminalization.
The bill has a powerful set of cosponsors, including Senate Majority Leader Nancy J. King (D-Montgomery), Budget and Taxation Chair Guy J. Guzzone (D-Howard), Judicial Proceedings Committee Chair William C. Smith Jr (D-Montgomery) and Vice-Chair Jeffrey D. Waldstreicher (D-Montgomery).
He also has Senate President Bill Ferguson (D-Baltimore City).
In a phone interview with Maryland Matters, Feldman described the bill plainly: “It’s a cannabis legalization bill that would tax and regulate cannabis sales,” he said.
But it does a lot more than decriminalize: several measures in the bill look to address socio-economic and criminal justice inequities experienced in Black and Brown communities.
Under Feldman’s legislation, businesses in the state’s existing medical cannabis industry would pay fees into a social equity fund to be used for low-interest loans for minority business owners to enter the industry.
Additionally, a portion of the tax revenue from the newly legalized field would be fed into a Community Reinvestment and Repair Fund, which would provide housing assistance, scholarship aid, re-entry programs and other services in communities…
