Proposition 19, also known as the Regulate, Control and Tax Cannabis Act of 2010, is a California ballot proposition which will be on the November 2, 2010 California statewide ballot. It legalizes various marijuana-related activities, allows local governments to regulate these activities, permits local governments to impose and collect marijuana-related fees and taxes, and authorizes various criminal and civil penalties. In March 2010 it qualified to be on the November statewide ballot.

Tax Cannabis 2010 is the official advocacy group for the initiative. According to the State of California analysis, the bill will have the following effects. In the time leading to 2010, California's state government's budget deficit has grown to be the largest of all American states.

The California legislature has estimated that taxing the previously untaxed domestically grown $14 billion marijuana market would produce $1.4 billion a year, thus generating a large amount of revenue at a time when the state is experiencing financial pressure. According to the States Legislative Analyst's office the following fiscal impact would result from the bill.

Similar to 0 things you like: