This week, California State Assembly ‘s Public Safety Commission voted in favor of Assembly Bill 390 — legislation to tax and regulate marijuana. This is the first step of many needed to legalize pot with the hopes of generating revenue to help to end California’s massive debt.
The bill, devised by San Francisco Assemblyman Tom Ammiano, would work similarly to the way alcohol is currently handled under the California State law. Essentially, it would allow adults over the age of 21 to legally possess, cultivate and smoke marijuana.
The proposed law would also put a fee of $50 per ounce sold that would go to drug awareness programs and fund anti-drug programs. However, the law would also initiate harsher penalties for distributing the drug to minors, using it in public or having it on school grounds.
Regardless, the estimated state revenue that could be raised is around $990 million. If the bill is eventually put on the ballot, would you vote for it?