Federal controlled substances act

Assignment Help Financial Accounting

Reference no: EM131295576

The Supreme Court ruled that the Commerce Clause allowed for enforcement of the federal Controlled Substances Act in states that had legalized “medical marijuana” in Gonzales v. Raich (2005). The reasoning was remarkably similar to that of Wickard vs Filburn: even though the marijuana had been grown and consumed locally, the Commerce Clause permitted regulation because of the influence on the overall supply and demand for marijuana. Is growing and using marijuana for medicinal purposes different from growing wheat for personal use in terms of effect on the market for the product? How will this play out now that the Obama administration has not enforced federal law in states that approved recreational use of marijuana?

Reference no: EM131295576

Questions Cloud

In reconciling the january bank statement : In reconciling the January bank statement, the Vice President discovered that the bookkeeper had recorded a check written for $454 as $544 in the cash disbursements journal. For the bank reconciliation, the $90 error should be:

Partnerhip and bankruptucy : A partnership began its first year of operations with the following capital balances: What was the balance in Eaton's Capital account at the end of the second year?

Process costing weighted average equivalent units method : Burnett Company produces a high-quality plastic pipe in two departments, Cooking and Molding. Materials are introduced at various points during work in the Cooking Department. After the cooking is completed, the materials are transferred into the Mol..

A compensating balance refers to : A compensating balance refers to:

Federal controlled substances act : The Supreme Court ruled that the Commerce Clause allowed for enforcement of the federal Controlled Substances Act in states that had legalized “medical marijuana” in Gonzales v. Raich (2005). How will this play out now that the Obama administration h..

What was the total cost of the rental for the five days : A car rental expense is $25.00 per day and $0.25 for each mile driven over 100 miles per day. The renter operated the car as follows: What was the total cost of the rental for the five days?

The labor rate and efficiency variances : Dawson Toys, Ltd., produces a toy called the Maze. The company has recently established a standard cost system to help control costs and has established the following standards for the Maze toy: Compute the following variances for July: The materials..

Which is operated as a sole proprietorship : On May1, 2012, Iris purchased a truck costing $16,000 and used it for personal activities. On January 1, 2013, the truck has a fair market value of $10,100 and Iris transfers the truck to her business, which is operated as a sole proprietorship. 1. D..

In which interval of demand does breakeven occur : Eastman Publishing Company is considering publishing an electronic textbook about spreadsheet applications for business. Breakeven occurs where profit goes from a negative to a positive value, that is, breakeven is where total revenue = total cost yi..

User Account

All Pages