Policy Experts and Advocates Testify in Favor of Directing Proceeds from Taxation to Communities Harmed by War on Drugs
Hearing Occurs As Initiative 71 Undergoes 30-Day Congressional Review
D.C. Councilmembers on Monday held a joint public hearing on legislation introduced earlier this year that would establish a system that legalizes, taxes and regulates marijuana in the nation’s capital.
The “Marijuana Legalization and Regulation Act of 2015”, B21-023, would establish a regulatory infrastructure for the production and sale of marijuana to adults 21 years of age and older in D.C. It would also create a dedicated fund for excise and sales tax revenue, and beginning in FY2017, the first $350,000 collected every three months would be directed to the D.C. Youth Court.
The next $500,000 collected every three months would be used for drug and alcohol prevention and treatment, and any remaining revenue would go to the general fund. Licensing fees and other non-tax revenues would be retained by the Alcoholic Beverage Regulation Administration to cover the costs of administering the regulatory system.
The hearing took place in Room 500 of the D.C. Council Chambers at 1350 Pennsylvania Avenue, N.W. in Washington, D.C. Advocates provided testimony in support of using the proceeds from legalization toward rebuilding the communities most harmed by the war on drugs.