If this bill passes, and that’s a big if, it would position California as the first state in the Union to legalize marijuana. And all it took was a $26.4 billion deficit to get these wheels in motion.
The bill introduced by San Francisco Democratic Assemblyman Tom Ammiano back in February would allow adults 21 and older to legally possess, grow and sell marijuana. Basically, it would put pot in the same category as cigarettes or alcohol, which is where it should be.
By taxing pot at $50 per ounce, the state expects to generate $1.4 billion in revenue. There’s no telling how much they would save on law enforcement costs.