The legalization of the sale of marijuana in Colorado is producing more than $2 million dollars of new tax revenue each month. Rhode Island and other states may soon follow suit and legalize marijuana (“Marijuana legalization would be very bad news for his dealer,” March 3, 2014). However, marijuana, like tobacco, can be very harmful to children. The sale of these products should be regulated to keep them out of the hands of children.
Congress should pass a law limiting the sale of these potentially harmful products. These products should only be sold by the carton and in vending machines. These vending machines could be placed inside or outside each business based on the values held by each business owner and payment would have to be made with a credit card.
The cost of a carton of these products and the fines involved would make it difficult for anyone, especially young adults, to buy them and give them to children.
Every business selling these legal products would benefit financially, and no expensive state-sponsored sales outlets would have to be established. In addition, part-time clerks in stores would no longer have to worry about being charged by the police for selling these products to underage individuals, and police agencies would save millions of dollars chasing down these so-called criminals.
Estate and Corporate Income Taxes are changing next year, and business owners and executives should know the details. The PBN Summit on November 6th will provide those details and more - including how much Obamacare's Employer Mandate could cost.
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