Refresh Checked Unchecked Menu Search Shopping bag Geolocation Person Facebook Instagram Twitter YouTube Info Icon CBC Icon CBC Shape CBD Icon CBD Shape CBG Icon CBG Shape THC Icon THC Shape THCV Icon THCV Shape
Advertise on Leafly

South Carolina Congressman Co-Sponsors Cannabis Business Bill

October 26, 2017
In this 2013 file photo, U.S. Rep. Mark Sanford (R-S.C.), discusses his first months back in Congress during an interview in Mount Pleasant, S.C. (Bruce Smith/AP)
Mark Sanford, the Republican representative from South Carolina, is co-sponsoring legislation that would make it easier for states with legalized cannabis to make the same deductions offered to other businesses.

Related

Leafly List: The Best Cannabis Locations in North America, Fall 2017

The bill, which is titled the Small Business Tax Equity Act of 2017, was introduced by Rep. Carlos Curbelo (R-FL) back on March 30 and would amend the Internal Revenue Code of 1986 to allow deductions and credits relating to expenditures in connection with cannabis sales conducted in compliance with state law.

According to a post by Rep. Sanford on Facebook, he believes this bill would make it more of a level playing field for cannabis businesses in legal states.

Related

Ex-Surgeon General, SAMHSA Director Call for Federal Legalization

“The principle here is simple, if a state makes something legal…it ought to be treated on par and equally with other legal businesses in the state….In just the last year alone, 28 states passed laws allowing for the legal use of medical marijuana, but because marijuana is classified as a Schedule I substance, small businesses in the states that sell marijuana legally are not allowed to deduct business expenses.”

For Sanford, this issue is not whether you believe cannabis should be legalized or not—it’s whether you believe in what the founding fathers were striving for when creating the United States.

“Whether you’re for or against the medical use of marijuana matters less than whether we really subscribe and adhere to the founders’ belief in federalism…because it was one of the key balancing tools to offsetting an overgrown and controlling federal government,” Sanford wrote.

Related

Tom Marino Out as Trump’s Drug Czar Nominee, Again

Curbelo’s bill has received quite a lot of support from fellow representatives in Congress, so far there has been 38 total representatives to co-sponsor the bill—24 of which have been Democrats, while 14 have been Republicans.

Here is a list of the co-sponsors:

  • Rep. Blumenauer, Earl [D-OR-3]
  • Rep. Polis, Jared [D-CO-2]
  • Rep. DeGette, Diana [D-CO-1]
  • Rep. DeFazio, Peter A. [D-OR-4]
  • Rep. Perlmutter, Ed [D-CO-7]
  • Rep. Heck, Denny [D-WA-10]
  • Rep. Schrader, Kurt [D-OR-5]
  • Rep. Smith, Adam [D-WA-9]
  • Rep. Courtney, Joe [D-CT-2]
  • Rep. O’Rourke, Beto [D-TX-16]
  • Rep. Norton, Eleanor Holmes [D-DC-At Large]
  • Rep. Correa, J. Luis [D-CA-46]
  • Rep. Ryan, Tim [D-OH-13]
  • Rep. Titus, Dina [D-NV-1]
  • Rep. Kihuen, Ruben J. [D-NV-4]
  • Rep. McClintock, Tom [R-CA-4]
  • Rep. Joyce, David P. [R-OH-14]
  • Rep. Coffman, Mike [R-CO-6]
  • Rep. Hastings, Alcee L. [D-FL-20]
  • Rep. Cohen, Steve [D-TN-9]
  • Rep. DelBene, Suzan K. [D-WA-1]
  • Rep. Reed, Tom [R-NY-23]
  • Rep. Rosen, Jacky [D-NV-3]
  • Rep. Rohrabacher, Dana [R-CA-48]
  • Rep. Khanna, Ro [D-CA-17]
  • Rep. Costello, Ryan A. [R-PA-6]
  • Rep. Lewis, Jason [R-MN-2]
  • Rep. Gabbard, Tulsi [D-HI-2]
  • Rep. Emmer, Tom [R-MN-6]
  • Rep. Sanford, Mark [R-SC-1]
  • Rep. Gaetz, Matt [R-FL-1]
  • Rep. McCollum, Betty [D-MN-4]
  • Rep. Lee, Barbara [D-CA-13]
  • Rep. Hunter, Duncan D. [R-CA-50]
  • Rep. McNerney, Jerry [D-CA-9]
  • Rep. Davis, Rodney [R-IL-13]
  • Rep. Paulsen, Erik [R-MN-3]

Gage Peake's Bio Image

Gage Peake

Gage Peake is a former staff writer for Leafly, where he specialized in data journalism, sports, and breaking news coverage. He's a graduate of the University of Nebraska-Lincoln's College of Journalism and Mass Communications.

View Gage Peake's articles

  • stevetrent williamson

    Incredibly insightful article. It made me realize how hypocritical it actually is that even though 28 states have legalized medicinal use of cannabis, still the substance is treated as Schedule 1 drug. This vilification is truly an incredibly ignorant decision by the United States.
    I feel delighted to read that 38 representatives have come forward to co-sponsor bill 24. This indicates a massive shift in cannabis movement of the US, with people starting to accept it as a potent medical treatment rather than a dangerous drug.
    But the fact remains that regardless of whether cannabis business owners are given the same status as other businesses, laws governing the medical use of cannabis remain the same. From what I’ve understood from my own research, I have found out that owning a medical card is a suitable option for users who wish to avoid the heavy taxation on recreational cannabis, which surprisingly could be even up to 14%.
    Apart from this, growers would be adequately delighted to know that by owning a medical card, they can grow up to 100 sq. feet of marijuana plants.
    Even if don’t have a medical card, don’t worry. There are several online medical card providers that offer quick, affordable and legit services to MMJ patients. If you want to get started, just conduct a quick search on Google to find the one that works best for you.