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Wyden, Blumenauer push marijuana reform to tackle tax, banking problems

(KATU File Photo)

Two Oregon lawmakers are getting out ahead of President Donald Trump when it comes to marijuana laws, just in case things change.

U.S. Sen. Ron Wyden and U.S. Rep. Earl Blumenauer just introduced a three-bill package called the Path to Marijuana Reform.

The goal is to address tax equity issues, banking problems and advertising, and close the state versus federal gap.

“As more states follow Oregon’s leadership in legalizing and regulating marijuana, too many people are trapped between federal and state laws,” Blumenauer said in a statement. “It’s not right, and it’s not fair. We need change now – and this bill is the way to do it.”

Wyden says the federal government needs to respect how Oregonians voted and allow law-abiding businesses to go to the bank.

He said in a new release that more than 20 percent of Americans live in states where marijuana is legal. And he said it’s expected the industry will create almost 300,000 jobs by 2020 and have $24 billion in annual revenue by 2025.

"This three-step approach will spur job growth and boost our economy all while ensuring the industry is being held to a fair standard,” he said.

Read the Bills:


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