This week, the federal government made the formal move to reclassify marijuana as a less dangerous drug, and it seems people agree, after a new study found more Americans are using marijuana daily.So how would this change in marijuana drug laws impact Phoenix ?Marijuana sits right next to heroin and LSD. The federal shift would make it more like codeine and ketamine.
"So right now, these enterprises are paying a fortune in taxes. I mean 60% of gross revenue, sometimes higher," said Demitri Downing of the Marijuana Industry Trade Association.Watch FOX 10 Phoenix Live:The reclassification wouldn't just cut taxes for Mint Cannabis. Molina says it would allow him to take out loans, grow his business, and hire more people.
Source: Law Daily Report (lawdailyreport.net)
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