US News
Officials: California could net 1.4 billion dollars from pot tax
Jul 16, 2009, 14:33 GMT
Los Angeles - Legalizing marijuana could contribute 1.4 billion dollars a year to state coffers, according to a study by California tax officials released Wednesday.
The state Board of Equalization's estimate of the tax yield on pot sales comes as the state is in dire financial crisis. The board launched the study in response to a proposal by San Francisco Democratic Assemblyman Tom Ammiano to regulate cannabis much like alcohol.
The study estimated that some 500 tons of cannabis would be taxed each year and forecast that legalization would increase consumption by 30 per cent.
While law-enforcement groups staunchly oppose the measure, proponents argue that a tax would generate much-needed revenue for the state, restrict access by those under 21, end environmental damage caused to public lands by illicit crops and redirect police efforts to 'more serious' crimes.
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Older Talkback
page: 1
..the peeps KNOW when it's me...now run along and don't bring up that yogurt on your mom's face...it's not.
he's got doggie yogurt all over his pant leg. He's also got it dribbling out his ear, from when the family dog tried to f*ck some brains into him.
...can elect Cheech and Chong to the legislature...
...Timothy Leary can be Governor...
You've got that worm farm for brains 'we' going again. Also, you couldn't elect an official in California, as you live in that white trash state - Oregon. You'd like your dope smoking heroes to become elected officials, wouldn't you, SP. But that ain't gonna happen. It's just another drug dream of yours.
that the editor has removed the offending SP4 post. How many does this make, SP? It must be in the multiple dozens. When are you going to grow up, child? Or have you totally destroyed your brains with drugs?
Timothy Leary has been dead for 13 years, you fricking, idiot.
...gooood!....I was wondering if you'd noticed!....still...I suspect you had to look it up...
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SP4: and here we are...Jul 16th, 2009 - 16:18:54
...a state that sued the cigarette compaines for what was supposed to bea dangerous product now wishes to greenlight this. The $1.4 billion won't make even a dent in the $21 billion defict, but heck, they'll be high so who will care?
California: The land of fruits and nuts...
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