Balancing California's budget with reefer tax?

#2
#2
Our sources tell us that a bag of high quality "reefer" that would be sold on the street for $50 for an eighth of an ounce was being sold for $75-80 in most dispensaries.

If there was a $25 tax on an eighth of an ounce of marijuana, like there seems to be on medical marijuana, the government would reap $3,200 per pound in taxes. To make $1 billion in taxes, California would have to sell about 320,000 pounds of the green stuff, the equivalent of 14 tons.
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If the government effectively legalizes it by taxing it, many folks would grow it or co-op grow it rather than pay a 50% tax. A 20% tax would be more reasonable. Anyone with a brain in CA that wants to be a legal smoker and is willing to be registered would simply get the prescription and not go to one of those dispensaries, ie not pay the higher prices.
 
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