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Friday, February 27, 2009

Will Legalizing Pot Save California from its Cash Crunch?

California state Assemblyman Tom Ammiano (D-San Francisco) has announced the introduction of legislation to tax and regulate marijuana in a manner similar to alcoholic beverages. The bill, the first of its kind ever introduced in California, would create a regulatory structure similar to that used for beer, wine, and liquor, permitting taxed sales to adults while barring sales to or possession by those under 21.

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