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A bill to legalize marijuana has been pre-filed in Kentucky. The proposed plan is to use the revenue generated from it to help fund Kentucky’s retirement system.
Rep. Cluster Howard, D-Jackson, told WKYT the bill would allow adults 21 and older to use marijuana, similar to laws in recreational cannabis states in the US.
“Other states have shown that legalizing cannabis for adult use is a win-win situation for everyone involved,” said Howard. “It’s a major revenue generator; it frees up critical jail and prison space; it helps counteract the deadly opioid epidemic; it gives farmers a major new cash crop. The longer we wait, the more we miss out on these benefits.”
The bill would send 75% of the tax fees to the Kentucky Employees Retirement System.
The other 25% would go to the Kentucky Teachers Retirement system.
Jeff Zorn, CEO of Cannabis Training University said “This could be a huge boost for the state of Kentucky. I like in particular the bills proposed use of helping both Kentucky teachers and Kentucky employees come retirement time.”
The bill is set up to have the Kentucky State Alcoholic Beverage Control Board oversee the licensing. There would be licensing in cultivating cannabis, processing cannabis, testing cannabis, and selling cannabis in a retail environment.
Each county could have up to 2 cannabis retailers. The largest Kentucky counties would be restricted from having more than one cannabis retail store per 2300 county residents.
Retailers would only be able to sell cannabis-related products in their establishments.
Rep. Howard also said.
“I grew up with reefer madness, and there was this idea [that] if you use cannabis, then you would go and start using LSD and heroin,” said Howard. “Times have changed and because I understand that people are now knowledgeable about the product. I thought it was a good time to bring the bill forward.”
The proposed bill would decriminalize the possession of less than one ounce of cannabis and allow for the expungement of those Kentucky residents who have been convicted of a marijuana-related misdemeanor.
Like other marijuana states, the bill would not allow the smoking of cannabis to take place in public.
“We were not able to determine what Kentucky would make the first year or two, but we really think it could generate hundreds of millions of dollars down the line,” said Howard.
This could be a major step forward for the state of Kentucky and many Kentucky residents are keeping their fingers crossed for the proposed bill to become a reality as soon as possible.
Kentucky lawmakers propose bill to legalize marijuana is big news in Kentucky at this time!
Paul Minors of Lexington said “I really hope this bill gets passed. Kentucky could sure use some tax money from weed, and I know many people who would benefit from this after they retire.”
Kentucky lawmakers propose bill to legalize marijuana, so let's all do our part to make it happen for Kentucky residents.
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Learn more on marijuana laws at CTU such as:
-senate bill to legalize marijuana
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