Three medical marijuana bills were introduced in Congress May 25 with support from patient advocates. The most significant of the three bills is one introduced by Rep. Barney Frank (D-MA), which would reclassify marijuana from its current status as a dangerous drug with no medical value. Another bill, introduced by Rep. Jared Polis (D-CO), will allow banks and other financial institutions to provide services to medical marijuana businesses without being subject to "suspicious activity" reporting requirements. The third bill, introduced by Rep. Pete Stark (D-CA), changes the federal tax code "to allow a deduction for expenses in connection with the trade or business of selling marijuana intended for patients for medical purposes pursuant to State law."
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