This week, the Greater Boston Chamber of Commerce offered testimony to the conference committee tasked with reconciling the differences between two bills – H.3776 and S.2090 – which would amend the regulation structure of the new recreational marijuana industry in Massachusetts. The Chamber advocated for increasing the tax rate established by the 2016 ballot question and maintained in S.2090, and for greater local control over how this new industry expands into individual municipalities.
The Chamber also urged the state to work with the banking industry and the federal government to provide clarity and guidance as this industry begins to grow in Massachusetts. Because the federal government continues to classify the possession and distribution of marijuana as illegal, the Commonwealth’s banks need clarification from the state on providing banking services to a marijuana business operation.
View the Chamber's full testimony here.