US NM: Column: Tax Law Burns Medical Marijuana Firms

Albuquerque Journal, 27 Aug 2012 – Former New Mexico Gov. Gary Johnson stands alone as the candidate for president who favors reforms of drug laws to include legalization and regulation of marijuana use. I don’t know the feelings of the other candidates, but I can say that none is willing to go on record as favoring legalization of marijuana. Huh, you say, this is a tax column, is it not? Well it turns out that the federal policy on marijuana is having quite a detrimental effect on the business of medical marijuana. At last count, at least 17 states and the District of Columbia permit regulated use of marijuana for medical purposes.