He wants to legalize pot for people 21 and over, tax it and use the tax money to help raise billions of dollars.
State Assemblyman Tom Ammiano says, “I think here in California we understand $14 billion is something that can’t be blown off. The state deserves to have a piece of it.”
That’s why San Francisco Assemblyman Tom Ammiano is introducing legislation that would tax and regulate marijuana. He’s not talking about medical marijuana; he’s talking about pot used socially just like beer and wine.
Betty Yee of the State Board of Economics says, “The revenue impact of this proposal will generate over $1.3 billion.”
$990 million would come from a $50 per ounce levy, $350 million from sales tax revenue.
Marijuana is California’s top cash crop, according to federal government statistics valued at $14 billion in 2006.