I really wanted to keep the other thread more focused on the medicinal marijuana topic, and this press release just happened to coincide with that idea.
Talk about timing!
RAND Corporation, a non-profit corporation, completed a study on the possible outcomes of legalizing marijuana in the state of California. They did this because there is a measure on the ballot in California in November that would make it legal for any person over the age of 21 to possess a small amount of marijuana. In that legislation there is a means to tax it. The study works on a $50/ounce tax assumption. (I haven't read the legislature, so I don't know if that's in the bill or not.)
Press Release (Summary): http://www.rand.org/news/press/2010/07/07/
Full Paper (84 pages, PDF): http://www.rand.org/pubs/occasional_...RAND_OP315.pdf
The "headline" that they pulled out for their press release is:
Legalizing Marijuana in California Would Sharply Lower the Price of the Drug
My reaction to that: Well, DUH!
Talk about timing!RAND Corporation, a non-profit corporation, completed a study on the possible outcomes of legalizing marijuana in the state of California. They did this because there is a measure on the ballot in California in November that would make it legal for any person over the age of 21 to possess a small amount of marijuana. In that legislation there is a means to tax it. The study works on a $50/ounce tax assumption. (I haven't read the legislature, so I don't know if that's in the bill or not.)
Press Release (Summary): http://www.rand.org/news/press/2010/07/07/
Full Paper (84 pages, PDF): http://www.rand.org/pubs/occasional_...RAND_OP315.pdf
The "headline" that they pulled out for their press release is:
Legalizing Marijuana in California Would Sharply Lower the Price of the Drug
My reaction to that: Well, DUH!














