Marijuana Can Stimulate California’s Economy

It is funny how a so called “illegal dug” is in position to potentially help ease California’s $20 billion budget deficit. Democratic state assemblyman Tom Ammiano is pushing for the legalization of marijuana and the marijuana industry, through which the state could potentially earn billions of much needed dollars in tax revenue. As of today, around $200 million in medical marijuana is subject to sales tax. If Ammiano’s bill is passed, the Marijuana Control Regulation and Education Act (AB 2254) would legalize and hand over the control of marijuana taxation to California.

In 2000, Colorado legalized medical marijuana and by 2007 over 60,000 medical marijuana dispensaries were paying tens of thousands of dollars in taxes to the state. When the global economic meltdown hit the U.S., the state of Colorado got by with a little help from these old friends.

Full Story: Campaigns That Matter – Marijuana Can Stimulate California’s Economy.

Post to Twitter

Share

Filed Under: Economy - LaborIllegal Drugs

RSSComments (0)

Trackback URL

Leave a Reply

You must be logged in to post a comment.

  • Thom’s Blog
    Thom plus logo
      The oligarchs openly talking about a coup d'état in America?
     

    Multi-millionaire lobbyist Grover Norquist is calling for the impeachment of President Obama. In an interview with the right-wing National Journal - Norquist warned that if President Obama wins re-election and decides to let the Bush tax cuts for the top 2% expire at the end of the year - then Republicans will "have enough votes in the Senate in 2014 to impeach [him]."
     
    What does that mean? It means that the super rich in America - and their political operatives like Norquist in Washington, DC - have now compared a tiny tax increase on the wealthy to high crimes and treason - the only Constitutional basis Congress can use to impeach a President. It sounds like the oligarchs are now openly talking about a coup d'état in America.
     
    -Thom
     
    (Do you think will try it? Tell us here.)
  • LEGALIZE Democracy

    " We the corporations" On January 21, 2010, with its ruling in Citizens United v. Federal Election Commission, the Supreme Court ruled that corporations are persons, entitled by the U.S. Constitution to buy elections and run our government. __________

    MOVE to AMEND

    a project of the CAMPAIGN TO LEGALIZE Democracy

    Help end Corporate personhood