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Thread: Calif tax officials: Legal pot would rake in $1.4B

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    Calif tax officials: Legal pot would rake in $1.4B

    Calif tax officials: Legal pot would rake in $1.4B
    Jul 15 06:20 PM US/Eastern


    SAN FRANCISCO (AP) - California tax officials say a state proposal to tax and regulate marijuana like alcohol would generate nearly $1.4 billion in revenue.

    A State Board of Equalization report released Wednesday estimates marijuana retail sales would bring $990 million from a $50-per-ounce fee and $392 million in sales taxes.

    The bill introduced by San Francisco Democratic Assemblyman Tom Ammiano in February would allow adults to legally possess, grow and sell marijuana.

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    This story is short on content but looms large in it's effects, and not just on taxes. There would have to be a fight of some king with the Feds. After all the demonizing of marijuana that began with racial overtones and moved on into phony medical claims were all done at the Federal level and are still used today. The worst claim they always use if, marijuana in a gateway drug. First it's not a drug it's an herb. Next if you want to talk and gate way substances, lets talk about one that you can use that can be connected to the use of every drug, herb, alcohol, sexual addiction, and anything else you can name with a negative attached to it. What is this terrible substance used by 99.999999% of all of those Ii just mentioned? Milk. Eeverybidy drank milk at some point and it makes as much sense as the argument we always hear. Oh yes there is no real case of ever dose ever in history. There are lies that say other wise but they are lies.
    Now a chance to turn it's use into some good and I say go for it.
    By the way I do not smoke or drink at all so let's not start with the jokes.

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    Re: Calif tax officials: Legal pot would rake in $1.4B

    I thought California didn't tax medicine.
    "A nation can survive its fools, and even the ambitious. But it cannot survive treason from within. An enemy at the gates is less formidable, for he is known and carries his banner openly. But the traitor moves amongst those within the gate freely, his sly whispers rustling through all the alleys, heard in the very halls of government itself. For the traitor appears not a traitor; he speaks in accents familiar to his victims, and he wears their face and their arguments, he appeals to the baseness that lies deep in the hearts of all men. He rots the soul of a nation, he works secretly and unknown in the night to undermine the pillars of the city, he infects the body politic so that it can no longer resist. A murder is less to fear"

    Cicero Marcus Tullius

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    Re: Calif tax officials: Legal pot would rake in $1.4B

    I'd like to see it legalized for the obvious reasons like it's medicinal use and tax revenue, and also as a means to demonstrate to the rest of the country that it doesn't pose as great of a risk that it's critics are claiming. Another reason would be to stop wasting money spent trying to eradicate it.

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    Re: Calif tax officials: Legal pot would rake in $1.4B

    Sweet. I'm glad they are talking about it. The problem is, a large percentage of those "freedom loving", "small government", "state's rights", conservatives will be against it.
    Wow. Am I awesome or what?

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    Re: Calif tax officials: Legal pot would rake in $1.4B

    The money saved from court costs, police time, and so on would be enormous if marijuana was legal. I do not know what the street cost of pot is, but $50 per ounce seems steep. People may buy from dealers still, rather than buy it from the smoke shop at that price. But it should be legal.

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    Re: Calif tax officials: Legal pot would rake in $1.4B

    I think it'd make more money then that. This would be my formula: figure out how much money the state makes on liquor, and triple it. I think that'd be a reasonable estimate.
    And why does your tone suggest that you do not care about children?

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    Re: Calif tax officials: Legal pot would rake in $1.4B

    Quote Originally Posted by stekim View Post
    Sweet. I'm glad they are talking about it. The problem is, a large percentage of those "freedom loving", "small government", "state's rights", conservatives will be against it.
    Like who?



    .........

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    Re: Calif tax officials: Legal pot would rake in $1.4B

    It took a lot of drugs to get California into this mess, and I guess it'll take a lot more to get them out of it.

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    Re: Calif tax officials: Legal pot would rake in $1.4B

    Quote Originally Posted by stekim View Post
    Sweet. I'm glad they are talking about it. The problem is, a large percentage of those "freedom loving", "small government", "state's rights", conservatives will be against it.
    Only because cocaine and heroin will soon follow.

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    Re: Calif tax officials: Legal pot would rake in $1.4B

    Quote Originally Posted by Erod View Post
    Only because cocaine and heroin will soon follow.
    Huh? Why will those follow?

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