Could you use an extra $1.4 Billion a year? I know the State of California could with the budget crisis going on there. Governator, listen up.
California could see a nearly $1.4 billion per year increase in state revenues were it to legalize marijuana, the state Board of Equalization says in an analysis of pending legislation to to do that.
The bill (Assembly Bill 390) by Assemblyman Tom Ammiano, D-San Francisco, is still awaiting its first committee hearing and is likely not to be considered until next year. It would impose not only sales taxes but a $50 per ounce fee on marijuana sales, which would be licensed by the state much as alcoholic beverages are regulated.
$1.4 Billion, and that is just one state. Imagine how much would be made if it was legalized nationally.