DEEGAN ON LA-Bring in the bean counters, or would that be the bud counters? Now that recreational marijuana is legal in California, thanks to overwhelming passage of Prop M that was approved by 80% of the voters last March, there will be a steady flow of new tax revenues streaming into the City and the State.
420 File News
420 FILE--On the heels of a California law legalizing recreational marijuana use, which took effect Monday, Attorney General Jeff Sessions is planning to rescind the federal policy that has enabled Americans to grow, sell, and use cannabis in places where it has been legalized, without federal intervention, the Associated Press reported Thursday.
420 FILE--With the legal sale of recreational marijuana a week away, local governments across California have adopted policies on where and when permitted legal sellers can operate, following the ground rules set up by Proposition 64 – the November 2016 state ballot measure legalizing pot for recreational use beginning Jan. 1, 2018.
420 FILE--Though a key argument for legalizing marijuana in the United States is that it would put a tremendous and necessary dent in the domestic and global failure known as "the War on Drugs," a new analysis out Wednesday reveals that federal legalization could also raise more than $130 billion in tax revenue by 2025 while also creating more than 1.1 million new jobs.
420-FILE--The Northern California fires that collectively burned hundreds of thousands of acres, destroyed nearly 6,000 homes, and killed 43 people across eight counties in October are leaving a legacy from which it will take the state will take years to recover, with insurance claims at $9 billion and rising.