http://news.yahoo.com/s/time/20090313/us_time/08599188495600
From the article:
Pot is, after all, California's biggest cash crop, responsible for $14 billion in annual sales, dwarfing the state's second largest agricultural commodity - milk and cream - which brings in $7.3 billion annually, according to the most recent USDA statistics. The state's tax collectors estimate the bill would bring in about $1.3 billion in much-needed revenue a year, offsetting some of the billions in service cuts and spending reductions outlined in the recently approved state budget.
--Apparently Oregon has a proposed bill that is similar.
It's an interesting argument.
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