Legal marijuana businesses can count U.S. Sen. Cory Gardner as a backer for them receiving equal tax treatment, but it’s unclear if his name will help spark it into law.
Gardner, a Colorado Republican, is the second from his party to sign on to the bill after Republican Sen. Rand Paul of Kentucky signed on in March. Paul is known for having a more libertarian bent.
Currently, legal marijuana businesses — which are in a legal gray area because marijuana is still recognized as a Schedule I controlled substance at the federal level — can’t use typical business tax deductions and credits, such as those for business expenses or hiring veterans, according to Gardner’s office.
“Our current tax code puts thousands of legal marijuana businesses throughout Colorado at a disadvantage by treating them differently than other businesses across the state,” Gardner said in a statement. “Coloradans made their voices heard in 2012 when they legalized marijuana and it’s time for the federal government to allow Colorado businesses to compete.”