Thursday, July 23, 2009

Tax and Regulate Marijuana Like Alcohol?

stoned

California Assembly Bill 390 would legalize the sale of marijuana for adults

The California chapter of NORML (the National Organization for the Reform of Marijuana Laws)is asking for public support of Assembly Bill 390, the Marijuana Control, Regulation, and Education Act -- the first bill ever introduced to legalize the sale and use of marijuana in California. The bill has been referred to the Assembly Committees on Public Safety andHealth.

As introduced, this proposal would raise over $1 billion in annual revenue by taxing the retail production and sale of marijuana for adults over 21 years of age.

The bill would not alter existing legislation on the use of medicinal cannabis, nor would it impose new taxes or sanctions on the medical cultivation of cannabis.
Assembly Bill 390 proposes to make California the first state in the nation to enact such a public policy for the control and regulation of marijuana.

The measure has gained growing public support as California’s budget crisis worsens and more and more public services are curtailed to save money.

California produces an estimated $14 billion worth of marijuana annually, nearly twice the amount generated by the next largest agricultural commodity category, milk and cream at $7.3 billion.

I’m curious about my readers’ sentiments on the issue that seems to be outside the regular liberal/conservative political discussion. Take a look at the poll on the right side of the screen and register your opinion.

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