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Republican state Senator will propose recreational marijuana as way to create needed pension revenue


With one of the worst funded pension systems in the entire nation in the commonwealth, Republican state Sen. Dan Seum says the need for new revenue could take the state higher, legally.

Seum, R-Fairdale, suggests legalizing marijuana could add badly needed new revenues to the state coffers totaling $100 million or more a year. The money represents an untapped stream of cash to pay down estimated unfunded liabilities ranging from $37 billion to $64 billion in the state pension systems.

“I think desperation might help — we need a billion dollars (a year),” Seum said of the chances of legalizing marijuana in Kentucky.

Legislative leaders expect their proposals to reform the state pension systems will be made public in the next 10 days, but those proposed tweaks are not expected to deal with revenue in a special session likely called this year.

Seum says he will propose legislation allowing adult use of cannabis in Kentucky before the 2018 regular session.

“I’m looking at adult use, because that’s where the money is at,” Seum said.

The upcoming session will mainly focus on crafting and passing a two-year state budget, and Seum thinks the need for money to address unfunded pensions will open the door to marijuana.

“Once we come out of the special session the governor is about to call, then we’re going to have a real, hopefully a real understanding of what the needs are when it comes to revenue,” he said.

Seum refers to marijuana legalization in Kentucky as a “jobs bill,” adding that Kentuckians should look no further than the bourbon industry to see the ancillary revenue that is generated from the industry.

Twenty-eight states have legalized some form of marijuana, and Seum says his bill will largely mirror what’s in place currently in Colorado, which approved legalized use by adults over 21 years old in 2012.

Seum said his son, Dan Seum Jr., visited Colorado this year to see how the 2012 legislation was written and what tweaks have been made in the years following passage, and that’s the model the Fairdale Republican will follow when he prefiles a bill later this year.

Jason Warf, political director of Alliance for Innovative Medicine, said that he thinks the market in Kentucky could be larger than what Colorado has seen, and thus more revenue could be expected.

“Obviously, it’s a time here in Kentucky where we need to look at our options,” Warf said.

Warf said that in Colorado dispensaries are licensed through the Department of Revenue and enforced by a self-funded marijuana enforcement division, a model he thinks Kentucky could duplicate with success.

Seum said he is also in favor of bringing in expanded casino gaming to the state in an effort to create as much new revenue as possible.

“As a legislator I’m not inclined to look at any kind of taxes, new taxes or additional taxes until we have explored the possibility of creating new monies,” he said.

http://mycn2.com/politics/republican-state-senator-will-propose-recreational-marijuana-as-way-to-create-needed-pension-revenue

#legislation #cannabis

TANSTAAFL CAMPAIGN #5

During the 1930's the word marijuana was forced into our lexicon by anti-cannabis advocates within the government. This word was used for it's anti-immigration connotations of the time to frighten the general public with fear and mis-information. Yet today we have incorporated it into our culture without many knowing it's true evil origin. We must work to enlighten others to never use the word marijuana when refering to cannabis and it's by-products. We should also work to get lawmakers to ammend the word out of current legislation and replace it for what it is...CANNABIS. Join us in a campaign to persuade others of our goal.
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TANSTAAFL Solutions Mission:Welcome, to TANSTAAFL Solutions. It is our mission to stand against the celebrity corporate cultured mentality and bring back thee virtues of Responsibility, Hard Work and Understanding. T.A.N.S.T.A.A.F.L (There Ain’t No Such Thing As A Free Lunch) means we get what we pay for. Robert A. Heinlein, in his novel The Moon is a Harsh Mistress wrote,“That anything free costs twice as much in the long run or turns out worthless.” How many worthless things are around today? Ignorance, unjust laws, racism, the GOP. All these things work to degrade a Human soul. Many Earthlings have no clue but because of their numbers, they decide how we should live. TANSTAAFL Solutions will work to voice opposition to what is wrong today. It is time to take responsibility and work for direct action to change. We hope to encourage, entertain and inspire others to join us and amputate the rancid 20th century mentality which has corrupted our time. We believe in a global world culture of Planet Terra and everyone has the right to freedom, equality and to live responsibly in peace. We also understand that any of these goals cannot be achieved without dedication, an effective strategy and the will to work and stand for what is right.

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