Supporting American businesses while making Colorado safer

DENVER - Today, Governor Polis released a statement applauding the Biden Administration’s decision to reschedule cannabis, removing barriers including saving Colorado businesses from the heavy financial burden that 280E punitive tax measures created. 

“I am thrilled by the Biden Administration’s decision to begin the process of finally rescheduling cannabis, following the lead of Colorado and 37 other states that have already legalized it for medical or adult use, correcting decades of outdated federal policy. This action is good for Colorado businesses and our economy, it will improve public safety, and will support a more just and equitable system for all. We look forward to when Colorado businesses will continue to safely fulfill the consumer demand without facing additional safety challenges and unnecessary financial burden that 280E tax provisions created,” said Colorado Governor Jared Polis.

Governor Polis has been a strong advocate for federal cannabis reform. In April and August of 2021, Governor Polis called upon Congressional leaders to pass the Safe Banking Act. In November of 2021, Governor Polis led an effort with 21 other Governors to encourage Congress to pass SAFE Banking Amendments. Additionally, in 2023 Governor Polis joined fellow Governors and called upon President Biden and the Drug Enforcement Administration to reschedule cannabis.