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Proposition to Legalize Marijuana Likely on 2010 Ballot

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The effort to legalize marijuana for recreational use has collected enough signatures to be placed on the 2010 ballot, organizers behind the initiative tell the Los Angeles Times. The prop, put forth by Richard Lee, is just one of four attempted initiatives to be put on the ballot.

As summarized on the state's Election and Voters Information webpage, the law would allow people 21 and over to possess, cultivate and transport marijuana for personal use, but would prohibit use possession of it school grounds, using it in public and smoking while minors are present. Driving while impaired will also be prohibited.

The fiscal impact? "Savings of up to several tens of millions of dollars annually to state and local governments on the costs of incarcerating and supervising certain marijuana offenders," says the summary by the Legislative Analyst and Director of Finance. "Unknown but potentially major tax, fee, and benefit assessment revenues to state and local government related to the production and sale of marijuana products."