California Tax Board Weighs In On Marijuana Reform

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California Tax Board Weighs In On Marijuana Reform
by F. Aaron Smith

Today, the California Board of Equalization (BOE) released its analysis of state Assembly Bill 390 - legislation that would tax and regulate marijuana.

According to the report, the BOE would collect $1.38 billion annually in new revenue from the sales of legal marijuana, if the legislation is approved. The analysis is based on research that indicates that Californians annually consume about 1 million pounds of marijuana.

$990 million would be generated from a $50/ounce excise tax and would be earmarked for state drug education and treatment programs. An additional $392 million collected in sales tax would go into the state general fund. This report does not address the potential hundreds of millions in criminal justice savings that would be realized if California stopped arresting nonviolent adults for marijuana.

These figures should be raising some eyebrows under California’s capitol dome today as the governor and state legislators are attempting to hammer out a solution to the state’s record $26 billion budget deficit.
 
and that doesnt take into account the cut in dea task, judicial costs, prison costs, and revenue from more farmers.
 
It's at least double the bil, if anyone can do it Cali can.
War- Arnold reliving the Pumping Iron days and blazing leagally.
 
Too me this only shows how far California has sunk..

hell they might as well let all the citizens drug themselves up, while their Dear Leaders hose them without any vaseline..
 
The sad thing is that it took a severe financial crisis to make them even begin to consider this. This step didn't have anything to do with the fairness and justice involved.
 
meme said:
Too me this only shows how far California has sunk..

hell they might as well let all the citizens drug themselves up, while their Dear Leaders hose them without any vaseline..
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spoken like a true GED, if your grandson goes to jail for smoking a joint your cool with that?
 
Topspin said:
spoken like a true GED, if your grandson goes to jail for smoking a joint your cool with that?
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spoken like the snooty snob you can be..this thread isn't about the jail terms of pot smokers, it's about TAXES.....
sheesh you posted the damn thread..
 
meme said:
spoken like the snooty snob you can be..this thread isn't about the jail terms of pot smokers, it's about TAXES.....
sheesh you posted the damn thread..
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Granny people are going to jail for it, when if you remove the racist reasons for keeping it illegal it brings in Billions. Damn
 
Topspin said:
Granny people are going to jail for it, when if you remove the racist reasons for keeping it illegal it brings in Billions. Damn
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Snooty...is there ANYTHING that isn't RACIST to you lefties..
all I said is they might as well legalize and TAX it so the people of Cali can drug themselves out while getting hosed by their Dear Leaders..

now go puff on another one..dumb ass.
 
meme said:
Snooty...is there ANYTHING that isn't RACIST to you lefties..
all I said is they might as well legalize and TAX it so the people of Cali can drug themselves out while getting hosed by their Dear Leaders..

now go puff on another one..dumb ass.
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Like a lot of GED ers you don't read about the history.
It was made illegal in the 30's to punish blacks and mexicans. Let me guess, your neither?
 
Topspin said:
Granny people are going to jail for it, when if you remove the racist reasons for keeping it illegal it brings in Billions. Damn
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everything is racist to you....quick....2+2

look up hearst, he was the main reason it was made illegal...they only later used the black thing to scare the whiteys...but that hasn't been the case for over 40 years...

quick 3+3
 
Yurt said:
everything is racist to you....quick....2+2

look up hearst, he was the main reason it was made illegal...they only later used the black thing to scare the whiteys...but that hasn't been the case for over 40 years...

quick 3+3
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I'm going with the History channel special on drugs over you.

Lets see a bunch of dems want to legalize and one tool neocon in In wants 25yrs for possession.
do some reading the overwhelming majority in jail are minorities while the overwhelming majority of users are white.
 
Yellow Journalism

Harry Anslinger got some additional help from William Randolf Hearst, owner of a huge chain of newspapers. Hearst had lots of reasons to help. First, he hated Mexicans. Second, he had invested heavily in the timber industry to support his newspaper chain and didn't want to see the development of hemp paper in competition. Third, he had lost 800,000 acres of timberland to Pancho Villa, so he hated Mexicans. Fourth, telling lurid lies about Mexicans (and the devil marijuana weed causing violence) sold newspapers, making him rich.
 
LOL

$990 million would be generated from a $50/ounce excise tax and would be earmarked for state drug education and treatment programs.


One wonders why they would spend $990 million on drug education & treatment programs when pot is supposedly so safe to use? Why not spend the money on the public schools?
 
webbway said:
LOL

$990 million would be generated from a $50/ounce excise tax and would be earmarked for state drug education and treatment programs.


One wonders why they would spend $990 million on drug education & treatment programs when pot is supposedly so safe to use? Why not spend the money on the public schools?
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It's a dumb idea. People who want pot will get it anyway they can. The California legislature has always be nuts.
 
bottom line is people are gong to use it if its legal or illegal.. its as mainstream as smoking cigs. why not at least regulate it legally here and benefit from growth and distribution.
 
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