MariMed Stages Re-Enactment Of Boston Tea Party In Protest Against Unfair 280e Cannabis Taxation
MariMed Inc. (CSE, OTCMKTS: MRMD) executives and team members recently organized an event called the ‘Boston 280E THC Party’ in Boston Harbor, channeling the rebellious spirit of the historic Boston Tea Party. Dressed in traditional colonial garb, they boarded a schooner named Liberty Star and reenacted the iconic protest against “No taxation without representation” that took place in 1773. Their aim was to draw attention to Section 280E of the Internal Revenue Service Code, which imposes unfair taxes on the cannabis industry.
During the event, MariMed surprised onlookers by tossing cargo chests marked with the word “WEED” overboard and chanting slogans opposing Section 280E. The company’s CEO and president, Jon Levine, explained that the protest was a homage to the colonists who participated in the historic tax protest. He emphasized that Section 280E places a heavy tax burden on cannabis companies, leading to reduced profitability and higher prices for consumers.
250 years ago, a group of colonists held the most famous tax protest in our nation’s history – the Boston Tea Party. We’re paying homage to our patriot ancestors by protesting Section 280E, an unfair tax that burdens the cannabis industry. Because of 280E, cannabis companies pay much higher taxes than they would otherwise, which hurts their profitability and ultimately results in higher prices at registers for consumers.MariMed CEO and president Jon Levine, courtesy of Benzinga
MariMed’s stance on Section 280E is gaining support among members of the U.S. Congress. Congressman Earl Blumenauer (D-OR) echoed MariMed’s concerns, calling the treatment of state-legal cannabis businesses under 280E “grotesquely unfair.” He urged his fellow lawmakers to allow cannabis operations to deduct business expenses, just like any other industry.
What Was The Boston Tea Party All About Anyway?
n December 16, 1773, a group of American colonists called the Sons of Liberty staged a political and commercial protest in Boston, Massachusetts. They were angry about the Tea Act, a law passed by the British Parliament in May 1773 that gave the British East India Company a monopoly on selling tea from China in the colonies and taxed it without the colonists’ consent. The Sons of Liberty saw this as a violation of their rights as English subjects to be taxed only by their own elected representatives. To show their defiance, they boarded three ships carrying tea from the East India Company and dumped all of it into the Boston Harbor. Some of them wore disguises as Native Americans to avoid recognition.
The British government was outraged by this act of rebellion and punished the colonists harshly. This sparked more resistance and resentment among the colonists, who saw the British actions as oppressive and unjust. The Boston Tea Party became a symbol of American independence and a catalyst for the American Revolution. Later political movements such as the Tea Party movement have claimed to be inspired by the Boston Tea Party of 1773.
The Tea Party was not an isolated incident, but part of a larger movement against the Tea Act, which had been passed by Parliament in 1773. The colonists believed that the Tea Act violated their rights as Englishmen to “no taxation without representation”, meaning that they should only be taxed by their own elected officials and not by a distant parliament that did not represent them.
The Boston Tea Party had a major impact on the course of events that led to the American Revolution. In 1774, Parliament passed a series of laws known as the Intolerable Acts, which stripped Massachusetts of its self-government and closed its ports. These laws provoked more protests and resistance from the colonists, who formed the First Continental Congress in Philadelphia to demand that the king repeal them and respect their rights. The conflict escalated, resulting in the first battles of the war at Lexington and Concord on April 19, 1775.
The rest, as they say, is history.
Tag: Marimed, MariMed Boston Tea Party