The money and the marijuana

Proposition 64 would create a 15 percent retail cannabis sales tax and a $9.25-an-ounce bud tax as well as a $2.75-an-ounce leaf tax that could raise more than $1 billion per year in tax revenue, according to the California Secretary of State legislative analysis. In turn, that revenue would be spent on the following:

<ul class="list-styled"> <li id="foo">Supporting economic development in communities disproportionately impacted by marijuana prohibition ($10 million to start, then $50 million annually).</li> <li>Training law enforcement to recognize driving under the influence of drugs ($3,000,000 annually).</li> <li>Medical cannabis research ($2 million annually).</li> <li>Teen drug prevention and treatment (60 percent of remaining annual cannabis tax revenue).</li> <li>Protecting the environment from the harms of illegal marijuana cultivation (20 percent of remaining annual cannabis tax revenue).</li> <li>State and Local Government Law Enforcement Account (20 percent of remaining annual cannabis tax revenue).</li> </ul>