It’s been suggested by a California Assemblyman that California could tax away its budget problems if only it would legalize marijuana.
The State Board of Equalization’s analysis says California could net $1.4 billion by taxing legal pot.
According to the Sacramento Bee, the bill introduced by Assemblyman Tom Ammiano (D-People’s Republic of San Francisco) “would impose not only sales taxes but a $50 per ounce fee on marijuana sales, which would be licensed by the state much as alcoholic beverages are regulated…”
“We can no longer afford to keep our heads in the sand when it comes to marijuana,” Ammiano said in a statement.
“I’m friggin’ starving,” he reportedly added. “Are you going to finish those pork rinds? How about those cupcakes? And your Fritos look delicious.”
Source: Sacramento Bee