Prepare for states around the country to enact new pot laws. Last year Massachusetts decriminalized pot by a landslide vote (despite united opposition from the Democratic establishment). Now a campaign may try passing an even broader law in California:
With polls showing the legalization of marijuana gaining public support, and a state budget crisis fueling an ever-more-desperate search for revenue, backers of the first major statewide initiative to legalize marijuana for personal use - and allow counties to tax and regulate the drug - say they're preparing to get the matter on the November 2010 ballot.
The poor economy will likely become the key message—the most persuasive reason to shift our tax money to bigger priorities—that convinces people that it's finally time to stop arresting pot smokers. Washington voters are poised to decriminalize marijuana—reducing jail penalties and treating possession like a traffic ticket, which would free up $16,008,360. Polling suggests that most voters here would favor it, the federal government is likely to stay out of the debate, and we've got groups with the dough to run an initiative.
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Who will sell it? Who would the suppliers be? How would you test/ensure consistent quality/potency? How will it be priced?
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