Taxes, Taxing Marijuana | featured news

President Obama, Governor Schwarzenegger and other esteemed politicos may routinely distance themselves from the potential windfall that would accompany legalizing and taxing cannabis, but amid California's latest and deepest financial crisis the state Board of Equalization has tagged a whopping revenue figure to such a notion.

An Assemblyman from San Francisco argues that it's time to tax and regulate the state's biggest cash crop in the same manner as alcohol. Opponents say it would create new costs for society.