Tax Move: California To Vote On Bill Legalizing Marijuana With State Getting Dealer’s Cut Of $50 An Ounce
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The first step to legalize marijuana in California could happen Tuesday.
Lawmakers will vote on Assembly Bill 390 — legislation to tax and regulate marijuana. The assembly’s Public Safety Committee is expected to vote after a hearing that begins at 9 a.m. hearing.
The bill, authored by San Francisco Assemblyman Tom Ammiano, would essentially treat pot the same way alcohol is treated under the law and would allow adults over 21 to possess, smoke and grow marijuana.
The law would also call for a fee of $50 per ounce sold and would help fund drug eradication and awareness programs. It could help pull California out of debt, supporters say, raising up to $990 million from the fees.
This is the first time in U.S. history any state legislative body has ever considered repealing marijuana prohibition, which has been in place since 1913.


