California Issues Official Title, Summary, and Legislative Analysis for Legalize, Regulate, and Tax Marijuana Initiative

Sacramento, CA - September 9, 2009 – The California Attorney General has released the official title, summary, and legislative analysis for the ballot measure proposed by the California Cannabis Initiative (CaliforniaCannabisInitiative.org).

The LEGALIZE, REGULATE, AND TAX MARIJUANA INITIATIVE will save “several tens of millions of dollars annually to state and local governments ” while potentially creating “major new excise, income, and sales tax revenues” for California.

This law would mandate that all taxes and revenues must “be spent on education, healthcare, environmental programs, public works, and state parks.”

If passed, this law would repeal “state laws that make it a crime for people 21 years old or older to use, possess, sell, cultivate, or transport marijuana or industrial hemp, except laws that make it a crime to drive while impaired or to contribute to the delinquency of a Minor”.  

The Legalize, Regulate, and Tax Marijuana Initiative is now circulating the petition and has until February 5, 2010 to collect 433,971 signatures in order to qualify for the November 2, 2010 general election.

For more details please go to www.CaliforniaCannabisInitiative.org

Media Contact: joe@californiacannabisinitiative.org

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