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Could Legal Marijuana Be a Boon for Business in Kentucky?

Could legalizing marijuana be a boon for Kentucky business?

State Sen. Perry Clark, a Democrat who represents central and western Jefferson County, thinks so. He’s pre-filed a bill called the “Cannabis Freedom Act” (officially, BR 161), which seeks to legalize marijuana use and have the state regulate it the same way as alcohol.

Clark’s bill would set up a framework to “regulate the cultivation, testing, processing, taxing, and sale of marijuana to persons aged twenty-one years and older,” according to the pre-filing.

The bill will be up for consideration during the 2016 legislative session, which convened Tuesday.

Clark said in an interview that if the bill were it to pass, he expects the results to include decreased spending on criminal justice activities and gains for the state’s economy akin to those in Colorado, where recreational use was legalized in 2012. [Read more at Louisville Business First]

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