I’ve posted about the idea in California before, see e.g., but here’s a post (from Tax Prof blog) about the projected revenues according to the top 20 states. If it’s highly regulated and taxed, then I suppose conceptually it differs little from alcohol. My concern, however, is that this is a slippery slope. What is the difference between legalizing marijuana and cocaine or heroin, which are also both “naturally occurring?” My other concern is that this is just a quick fix, like the whole lottery system, which was supposed to “save our schools.” Yet how many years later are we still running into the same budget problems?
Archive for the ‘California ABs’ Category