Today, the California Secretary officially certified the Regulate, Control, and Tax Cannabis Act of 2010 for the state’s November ballot. This means that on November 2, Californians will be able to vote to send marijuana prohibition to the ash heap of history!
The groundbreaking initiative would make personal possession and cultivation of marijuana legal for adults over 21 in California. It would also allow cash-strapped cities and counties to tax and regulate marijuana sales in order to reap millions in new tax revenues. The proposition will also call on the legislature to enact a statewide system to tax and regulate marijuana.
Will the nation’s largest state finally create a legal market – complete with tens of thousands of new jobs – for what’s already its top cash crop?
We sure hope so!