The stalwart Munz sent over this press release from California NORML.
"California NORML Release - Jul 15th 2009
Marijuana Legalization Bill Would Net California $1.38 Billion in Revenues
Board of Equalization, Cal NORML Agree On Benefits of Ammiano Bill AB 390
Assemblyman Tom Ammiano's marijuana legalization bill would net California $1.38 billion in tax revenues per year, according to a newly released analysis by the State Board of Equalization. The BOE's estimate parallels a similar analysis by California NORML, which estimated tax revenues at $1.01-$1.26 billion.
Not included are savings in law enforcement costs for investigating, arresting, prosecuting, and imprisoning marijuana offenders, which are estimated to total some hundreds of millions per year.
"With the state in dire financial straits, it makes no sense for taxpayers to be paying to arrest, prosecute and imprison marijuana offenders, when they could be reaping revenues from a legally regulated market," says Dale Gieringer, author of the Cal NORML analysis.
The BOE estimates that the Ammiano bill would net $990 million in excise tax revenues, plus another $392 million in sales taxes, based on a projected state consumption of about 20 million ounces per year.
The Ammiano bill, AB 390, is expected to be heard by the Assembly next January."
It would seem to be the only sane way to go, but, knowing pot-heads, there’s gonna be a one shitload of argument.
The secret word is Reparations
Marijuana Legalization Bill Would Net California $1.38 Billion in Revenues
Board of Equalization, Cal NORML Agree On Benefits of Ammiano Bill AB 390
Assemblyman Tom Ammiano's marijuana legalization bill would net California $1.38 billion in tax revenues per year, according to a newly released analysis by the State Board of Equalization. The BOE's estimate parallels a similar analysis by California NORML, which estimated tax revenues at $1.01-$1.26 billion.
Not included are savings in law enforcement costs for investigating, arresting, prosecuting, and imprisoning marijuana offenders, which are estimated to total some hundreds of millions per year.
"With the state in dire financial straits, it makes no sense for taxpayers to be paying to arrest, prosecute and imprison marijuana offenders, when they could be reaping revenues from a legally regulated market," says Dale Gieringer, author of the Cal NORML analysis.
The BOE estimates that the Ammiano bill would net $990 million in excise tax revenues, plus another $392 million in sales taxes, based on a projected state consumption of about 20 million ounces per year.
The Ammiano bill, AB 390, is expected to be heard by the Assembly next January."
It would seem to be the only sane way to go, but, knowing pot-heads, there’s gonna be a one shitload of argument.
The secret word is Reparations
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1 comment:
For reasons having nothing to do with this bill, I got to shake Tom Ammiano's hand recently. I'm glad I did.
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