I’ve written before on California’s budget problems and the lure of revenue from legalizing, and then taxing, the sale of marijuana. That posting has turned out to be a bit prescient, because a committee of the California General Assembly has now approved a bill to legalize and tax the sale of marijuana. Interestingly, the proposal is that the revenue from the “fee” of $50 per ounce would be used, in part, to fund drug eradication and drug awareness efforts.
