CA Marijuana Legalization Initiative Gets Closer to Ballot
Backers of an initiative to legalize and tax marijuana have delivered petitions with 700,000 signatures -- more than the required 433,000-- to the state to get on the November ballot.
The new initiative would allow California residents to cultivate up to 25 square feet of pot and possess or transport up to 1 ounce. It would include fines and criminal sanctions for providing marijuana to minors.
The initiative would allow cities to tax pot sales and regulate how much pot can be sold legally. It would permit individual cities to ban local sales but let citizens possess and consume marijuana.
The group behind the effort says legalization would bring in more than $1 billion in tax revenue. [More...]
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