California Looking to Legalize Marijuana?
Tuesday, February 24th, 2009From the SF Chronicle:
California would become the first state in the nation to legalize marijuana for recreational use under a bill introduced Monday by Assemblyman Tom Ammiano of San Francisco.
The proposal would regulate marijuana like alcohol, with people over 21 years old allowed to grow, buy, sell and possess cannabis – all of which is barred by federal law.
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It also has the backing of Betty Yee, who chairs the state Board of Equalization, which collects taxes in California. An analysis by the agency concluded the state would collect $1.3 billion a year from tax revenues and a $50-an-ounce levy on retail sales if marijuana were legal.
This is an ironic form of economic ‘stimulus’, don’t you think so?