Marijuana is on the ballot in four states this November, including the first effort of its kind in California to fully legalize pot, but don't expect politicians to get high on the idea any time soon.
In what could become another hot button political issue this November, Democrats in California are divided over Proposition 19, which would legalize marijuana use and allow government to make money off of it by imposing new regulations and taxes.
The California government projected that at an excise tax of $50 per ounce, the new law would bring in about $1.4 billion in revenues for the state. Several members of Congress, such as Reps. Pete Stark, Barbara Lee and George Miller have spoken candidly in favor of it. The California Democratic Party chose not to take any position on it. But virtually all heavy hitters are opposed to it, including Sen. Dianne Feinstein, Sen. Barbara Boxer, and both gubernatorial candidates... Read More
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