Sunday, November 14, 2010

"Calif rejects legal pot, but cities embrace drug"

Californians may have rejected legalizing recreational marijuana, but voters across the state are more than ready to reap revenue from the state's largest cash crop.

On Election Day, all 10 cities with local measures on their ballots approved new or higher taxes on marijuana sales that put the need for cash above the stigma of a federally banned drug.

The same was true in Colorado, where medical marijuana was approved in 2000. Nine municipalities approved higher sales taxes on medical marijuana products this year. So far, no Colorado town with a marijuana tax question on the ballots has rejected it.

The embrace of pot as a legitimate revenue stream signals the continued mainstreaming of marijuana in both states, despite the defeat of California's Proposition 19. MORE...
Howie P.S.: Score one for the pot docs!

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