So far, the whole medical weed thing has been working out pretty well for California. Sick people are getting their medicine and a cash-strapped state is getting some much needed revenue—in many cases, dispensaries are begging to be taxed, begging!
Despite this proliferation of cannabis, the sky hasn’t fallen and the seas have yet to boil, leading Californians to consider turning things up a notch.
After securing 100k more signatures than needed, this November, voters will decide on a proposal that taxes and regulates weed for recreational purposes as if it were tobacco or alcohol. It should be noted that all the progress in California is due to voter referendums and not politicians who are too scared despite the overwhelming numbers.
Initial estimates indicate that the state could raise as much as $1 billion by taxing it, but that figure sounds awfully conservative. It doesn’t address an uptick in other industries like: tourism, glass-blowing, seed industry, hydroponic equipment, etc… Then there’s also the savings and hundreds of millions that are wasted in prosecuting it. Are you one of those people still on the fence? Fine, here’s five more reasons. Now, call your congress people and tell them to get their shit together.