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Georgia Dems Cultivate Legalization Bills for School Funding

February 2, 2018

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Monterey Bud

Georgia has some of the most punitive marijuana laws in the country, but two pieces of legislation authored by State Sen. Curt Thompson (D-5th District) could legalize the plant and generate some much-needed cash for the state’s educational fund.

 

SR 614 seeks to legalize and regulate adult-use marijuana in the Peach State. SB 344 would authorize the sale of recreational marijuana for adults over the age of 21.

 

 

As of Friday morning, the Georgia General Assembly listed only six sponsors on the bill, but it is unclear when the site was last updated.

 

By establishing an adult-use marijuana market “one step at a time,” similar to Colorado, California, Nevada, or Oregon, Sen. Thompson hopes to cultivate a new revenue stream and offset some of the state’s $12 billion debt.

 

“You’re going to end up bringing in about $340 million a year in extra tax revenue. That’s revenue that could restore the Hope scholarship to its previous levels,” Thompson informed Atlanta’s Fox 5 News.

 

The Hope and Zell Miller Scholarships are offered to Georgia’s residents that have established high academic achievements. The Hope scholarship offers supplementary funding to support students with their educational cost of attending public, private, and technical colleges.

 

Decriminalized by the Atlanta City Council in a unanimous vote in October 2017, outside of Atlanta’s city limits, individuals caught with more than 1 ounce of cannabis need to lawyer up; their penalties can include a felony record, 10-year prison term, and $5,000 fine.

 

The two pieces of legislation represent a second chance at a new beginning for Georgia residents. During the state’s 2017 Legislative Session, a similar resolution died before ever getting a vote and was supported by only one state senator at the time.

 

To become law, SR 614 and SB 344 must first clear two critical hurdles: obtaining passage from Georgia’s General Assembly, and gaining acceptance from the voters during the November 2018 midterm elections.

 

Georgia currently has a restrictive medical marijuana program. Under existing law, qualified patients are only allowed to legally possess up to 20 fluid ounces of “low THC oil.”

 

Provided Georgia were to successfully legalize adult use marijuana, the state would not only generate substantial new tax revenues while reducing the state’s non-violent prison population, but it would be taking a quantum leap toward repairing the racially disproportionate damage caused by the criminalization of a harmonious plant.

 

 

 

This article was originally published on Marijuana.com. 

 

About Monterey Bud: Born in Long Beach, raised on the central coast: I surf, dab, burn, and blog – though not necessarily in that order. I'm a husband, a father and a lifelong consumer of connoisseur grade weed. I don't drink alcohol or consume any other "drugs." I consider myself to be living proof that weed is not a gateway drug. If it were, I'd be in some serious trouble. Instead, as a 50-year-old ex-realtor that has been smoking weed for nearly 80% of my life (just did the math) ... I can only say, marijuana is safer than prescription pills or alcohol could ever hope to be for calming what stirs the savage beast.

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State Sen. Curt Thompson

SR 614

United States

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    Disclaimer: Except for the historical information and data presented herein, matters discussed in articles on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future performance or achievements expressed or implied by such coverage. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Smoke Show Ventures, Inc., which owns The Daily Marijuana Observer, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. Smoke Show Ventures, Inc. or its affiliates, which owns The Daily Marijuana Observer, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.dailymarijuanaobserver.com/legal-disclaimer/.

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