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(Image from article: "Can Marijuana Help Rescue California's Economy?")

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On Marijuana Tax, Colorado Asks: What’s Too High?

If marijuana is legalized and properly regulated, its proponents have long said, it could generate millions of dollars in state tax revenue. But how the drug should be taxed has proved to be a thorny question.

Can Marijuana Help Rescue California's Economy?

Could marijuana be the answer to the economic misery facing California? Democratic State Assembly member Tom Ammiano thinks so. Ammiano introduced legislation last month that would legalize pot and allow the state to regulate and tax its sale — a move that could mean billions for the cash-strapped state.

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