Calif. tax officials: Legal pot would bring $1.4B

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RangerX
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Calif. tax officials: Legal pot would bring $1.4B

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SAN FRANCISCO – A bill to tax and regulate marijuana in California like alcohol would generate nearly $1.4 billion in revenue for the cash-strapped state, according to an official analysis released Wednesday by tax officials.

The State Board of Equalization report estimates marijuana retail sales would bring $990 million from a $50-per-ounce fee and $392 million in sales taxes.

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Re: Calif. tax officials: Legal pot would bring $1.4B

Post by RangerX »

I know a certain Ranger will be watching this closely.....
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Re: Calif. tax officials: Legal pot would bring $1.4B

Post by RangerX »

Hung Low wrote:...and as an added bonus, there will be a mass migration of potheads in the lower 48.
If it managed to pass, you can bet the migration would be policy shifts in the other 49 states.....

Nothing get's a politician moving in a direction faster than the thought of more money.

That and 19 year old interns.....
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Re: Calif. tax officials: Legal pot would bring $1.4B

Post by Ranger Ron »

Just think what legalizing cocaine would bring in!!
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Re: Calif. tax officials: Legal pot would bring $1.4B

Post by Rangerguru »

I'm sure the people selling it now are going to be more than willing to pay taxes on it when it becomes legal to sell.
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Re: Calif. tax officials: Legal pot would bring $1.4B

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I would be nice to actually have a choice instead of the government protecting me from myself. Marijuana should be for sale right next to the liquor and cigarettes.
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Re: Calif. tax officials: Legal pot would bring $1.4B

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Rangerguru wrote:I'm sure the people selling it now are going to be more than willing to pay taxes on it when it becomes legal to sell.
Just like moonshine.....

You will always have scofflaws. But I'd wager a HUGE number of folks would gladly pay their tax to no longer be considered a criminal.....
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Re: Calif. tax officials: Legal pot would bring $1.4B

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Flesh Thorn wrote:I would be nice to actually have a choice instead of the government protecting me from myself. Marijuana should be for sale right next to the liquor and cigarettes.
Hey. Be careful who you associate with. Those cigarettes (I used to call them smokey treats) are evil-bad. At least that it what my nanny..er, gub'ment, tell me.
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Repeal the 16th, enforce the 10th.

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Re: Calif. tax officials: Legal pot would bring $1.4B

Post by ANGRYCivilian »

Hung Low wrote:...and as an added bonus, there will be a mass migration of potheads in the lower 48.
That would be more than fine with me.
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