Rhode Island: Bill To Legalize, Tax and Regulate Marijuana Like Alcohol To Get Hearing Tuesday

RegulateRhodeIsland

Bill to Receive Hearing Tuesday in State Senate Committee on Judiciary

S 2379, the Marijuana Regulation, Control, and Taxation Act, would establish a legal market for licensed businesses to sell marijuana to adults 21 and older

The Rhode Island Senate Committee on Judiciary is scheduled to hold a Tuesday hearing on a bill that would legalize, regulate and tax marijuana similarly to alcohol. It will take place following the Rise of the Senate in Room 313 of the Rhode Island State House.

A bipartisan group of 13 sponsors, lead by Sen. Joshua Miller (D-Cranston), chairman of the Senate Committee on Health & Human Services, is supporting S 2379, the Marijuana Regulation, Control, and Taxation Act. The measure would allow adults 21 years of age and older to possess up to one ounce of marijuana and grow one mature marijuana plant in an enclosed, locked space.

It would create a tightly regulated system of licensed marijuana retail stores, cultivation facilities, and testing facilities and charge the Department of Business Regulation with creating rules regulating security, labeling, and health and safety requirements. It would establish wholesale excise taxes at the point of transfer from the cultivation facility to a retail store, as well as a special sales tax on retail sales to consumers.

The legislation could generate approximately $21 million to $82 million in annual revenue each year, according to a report released in April by OpenDoors.

“Marijuana prohibition has been an enormous and costly failure,” said Jared Moffat, director of Regulate Rhode Island. “Regulating and taxing marijuana similarly to alcohol will create a new source of jobs and revenue, both of which are sorely needed in Rhode Island.”

Fifty-three percent of Rhode Island voters support changing state law to regulate and tax marijuana similarly to alcohol, according to a Public Policy Polling survey released in January.

WHAT: Rhode Island Senate Committee on Judiciary hearing on S 2379, the Marijuana Regulation, Control, and Taxation Act, which would establish a legal market for licensed businesses to sell marijuana to adults 21 and older

WHEN: Tuesday, June 3, following Rise of the Senate

WHERE: Room 313 of the Rhode Island State House, 82 Smith St., Providence

WHO: Members of the Rhode Island Senate Committee on Judiciary