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New Hampshire House Votes to Legalize Marijuana Without Restrictions

Proposed Bill would Benefit Medical Marijuana Users and Boost State’s Revenue

Elaine Mendonça by Elaine Mendonça
March 18, 2023
in News
Reading Time: 2 mins read
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The New Hampshire House of Representatives has passed a bill to legalize marijuana without restrictions. The bill would remove marijuana from the state’s controlled substances list and eliminate various provisions that regulate cannabis. It would allow adults aged 21 and older to possess and use cannabis while existing alternative treatment centers could expand their role in marijuana production to supply local retailers.

Regulating marijuana

The state’s Liquor Commission would regulate marijuana, with a 15% tax levied at the cultivation level. Most tax revenue would reduce the state’s pension liability and drug treatment programs. The proposed bill also includes measures to benefit medical marijuana users, allowing them to grow or obtain their plants from any of the state’s treatment centers.

Impact on the state’s economy

The legalization of marijuana could bring a significant boost to the state’s economy, generating substantial tax revenue while creating jobs in the industry. Advocates of the bill also point out that the legalization of marijuana could help reduce drug-related arrests and convictions, allowing law enforcement officials to focus on more severe crimes.

Reaction from lawmakers

The proposed bill has garnered support from several lawmakers and organizations. Representative Renny Cushing, a bill supporter, said, “It’s time for us to legalize marijuana and move beyond the failed war on drugs.” However, Governor Chris Sununu has opposed the bill, stating that he would veto any bill allowing marijuana to be legalized for recreational use.

Conclusion

The proposed bill to legalize marijuana without restrictions has stirred up a debate in the New Hampshire House of Representatives. While it aims to generate tax revenue for the state and boost its economy, opponents argue that it could lead to increased drug use and related problems. Regardless of the outcome, the discussion highlights the need for a comprehensive approach to regulating marijuana use, ensuring that the state’s laws reflect the changing attitudes and beliefs surrounding the drug.

 
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Elaine Mendonça

Elaine Mendonça

Over the last nine years, Elaine has managed investment portfolio using fundamental analysis and value investing, emphasizing long-term time horizons.

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