Two Democratic members of Nevada’s congressional delegation are co-sponsoring bills that would remove federal restrictions on the marijuana industry.
In a push to legitimize the industry that will soon liftoff in Nevada, Senator Catherine Cortez Masto and Representative Dina Titus have signed on to a bill to treat marijuana as normal business.
Titus announced Friday she is co-sponsoring the Small Business Tax Equity Act of 2017, to amend the tax code so cannabis companies can write off the same expenses as other businesses. In the Senate, Cortez Masto and other senators introduced a bill to give marijuana companies access to banks.
Eight states have legalized recreational use of marijuana, but it is still classified as a Schedule 1 drug.