Legalization bill coming to Congress

US Representatives Jared Polis (D-CO) and Earl Blumenauer (D-OR) are bringing a proposal to create the Bureau of Alcohol, Tobacco, Marijuana and Firearms according to story published in the Denver Post. Gene Johnson of the AP writes:

The bill is based on a legalization measure previously pushed by former Reps. Barney Frank of Massachusetts and Ron Paul of Texas. Blumenauer and Polis are due to release a paper this week urging Congress to make a number of changes, including altering tax codes to let marijuana dispensaries deduct business expenses on federal taxes, and making it easier for marijuana-related businesses to get bank accounts.

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