Will Taxing Marijuana Help Fix the State Budget? One Politician Thinks So
"With the state in the midst of an historic economic crisis, the move towards regulating and taxing marijuana is simply common sense. This legislation would generate much needed revenue for the state, restrict access to only those over 21, end the environmental damage to our public lands from illicit crops, and improve public safety by redirecting law enforcement efforts to more serious crimes", said San Francisco Assemblymember Tom Ammiano in a press conference today, which SFist described as a "media circus." Ammiano continued to say "California has the opportunity to be the first state in the nation to enact a smart, responsible public policy for the control and regulation of marijuana."
The drug would still be illegal under federal law, but if passed, the Marijuana Control Regulation and Education Act would tax $50 per ounce. You would also need to be over the age of 21. Full presser is below.