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Could California raise over a billion dollars by legalizing marijuana?

July 16, 2009 – 1:17 pm – No Comment
Could California raise over a billion dollars by legalizing marijuana?

Regulating and taxing marijuana in California could generate the state somewhere in the neighborhood of $1.4 billion in revenue, at least according to an analysis released yesterday by tax officials in the state. The State Board of Equalization report has estimated that, when a $50 …