Florida's Cannabis News Podcast

Florida's Cannabis News Podcast Wednesday November 11, 2020 Cannabis Taxation—Part II—President Nixon's War on Drugs Reshaped the Internal Revenue Code This is Part II of Florida's Cannabis News Podcast's five-part series on cannabis taxation. Today we are continuing the story of 280E into the 1970s and 80s. We are talking about the War on Drugs, the controlled substances act, President Reagan’s attempt to regulate drug use through the tax code, and breaking down the text of 280E itself. Part II is important to understanding how 280E came to be. I am looking forward to unpacking everything. So lets dive right into the highlights: America and cannabis have a well-documented industrial and medicinal relationship. Around 1611, colonist farmers cultivated America’s first cannabis crop and used the plant as fiber for rope and clothing. Public concern about illegal drug use rose in the 1930s due to the FBN’s media campaign that warned Americans of the alleged perils of cannabis. The 1960s, almost thirty years after