finance and revenue

D.C.: Council To Hold Joint Hearing On Bill To Make Marijuana Legal and Regulate It Like Alcohol


Council committees will hear testimony on provisions regarding licensing and regulations for cultivation facilities and adult retail marijuana stores, as well as a dedicated fund for marijuana business taxes and fees

The Washington, D.C. Council will hold a joint committee hearing Thursday on a bill that would make possession of marijuana legal for adults 21 years of age and older and establish a system in which marijuana is regulated and taxed similarly to alcohol.

The Committee on Business, Consumer, and Regulatory Affairs and the Committee on Finance and Revenue will hear testimony regarding sections 6, 7, 8, and 9 of B20-466, the Marijuana Legalization and Regulation Act of 2013, which was introduced last year by Councilman David Grosso.

Those sections would amend District code to establish the regulatory infrastructure for the production and sale of marijuana and marijuana products in D.C. They would also create a dedicated fund, which would consist of excise taxes, license fees, and all other revenues received by the Alcoholic Beverage Regulation Administration from marijuana-related activities.

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