An Act to Regulate and Tax the Cannabis Industry

Sandoz Tabman writes to inform us that there's going to be a hearing at the Boston Statehouse October 14th on Mass. bill H2929, An Act to Regulate and Tax the Marijuana Industry.

On Wednesday, October 14, 2009, at 10:00 AM in Room B2 at the Statehouse in Boston, the Joint Committee on Revenue in the Massachusetts legislature will hold a public hearing on the bill known as H2929, An Act to Regulate and Tax the Cannabis Industry.

If passed, the new law would repeal existing marijuana prohibition laws at the state level and replace them with a system of regulation and taxation, similar to how wine is sold. The law, in fact, is largely modeled after the alcohol control laws.

The text of the bill is here, and a summary is here.

Thanks Sandoz!