Maine Senate passes marijuana market bill, and it’s veto proof

April 14th, 2018 by admin Leave a reply »


During a break in the morning session, leaders from both parties meet with Senate President Michael Thibodeau, R-Winterport, at the rostrum on Wednesday in the Senate chamber of the Maine State House in Augusta. (Joe Phelan/Kennebec Journal)

The Maine Senate on Wednesday passed the bill to launch the state’s adult-use marijuana market, putting the legislation on the brink of heading to Gov. Paul LePage’s desk with veto-proof margins from both chambers of the Legislature.

The bill passed by a 24-10 margin one day after being approved 112-34 in the House, which killed a more liberal version of the bill last year by sustaining LePage’s veto. The bill is likely to head to LePage after more legislative action Thursday.

The votes, and their veto-proof margins, came as good news to groups that represent cannabis business interests, such as Maine Professionals for Regulating Marijuana, which lobbied Maine’s lawmakers to pass a business-friendly bill. Last year, the group’s board members said that a long delay from legalization to licensing would send potential investors packing.

“Investors and entrepreneurs want legislative certainty to evaluate risk and ensure (that) investments in equipment, construction, et cetera, will comport with state law,” said Portland attorney Ted Kelleher. “We think that some investors left and will not be back, but also feel that if (the bill) becomes law, it will provide enough certainty to attract new investment.”

Business consultant Tom Mourmouras, who runs Fiscal Therapy Financial in Portland, said most of

Article source: