DEEGAN ON LA-Bring in the bean counters, or would that be the bud counters? Now that recreational marijuana is legal in California, thanks to overwhelming passage of Prop M that was approved by 80% of the voters last March, there will be a steady flow of new tax revenues streaming into the City and the State.
420 FILE NEWS
420 FILE--Though a key argument for legalizing marijuana in the United States is that it would put a tremendous and necessary dent in the domestic and global failure known as "the War on Drugs," a new analysis out Wednesday reveals that federal legalization could also raise more than $130 billion in tax revenue by 2025 while also creating more than 1.1 million new jobs.
BCK FILE--This week, Attorney Jeff Sessions fired yet another shot at California, delivered courtesy of the Trump Administration. For the party that espouses states rights, Sessions threw a punch just days after California rolled out legalized recreational cannabis.
420 FILE--On the heels of a California law legalizing recreational marijuana use, which took effect Monday, Attorney General Jeff Sessions is planning to rescind the federal policy that has enabled Americans to grow, sell, and use cannabis in places where it has been legalized, without federal intervention, the Associated Press reported Thursday.
420-FILE--The Northern California fires that collectively burned hundreds of thousands of acres, destroyed nearly 6,000 homes, and killed 43 people across eight counties in October are leaving a legacy from which it will take the state will take years to recover, with insurance claims at $9 billion and rising.
420 FILE--With the legal sale of recreational marijuana a week away, local governments across California have adopted policies on where and when permitted legal sellers can operate, following the ground rules set up by Proposition 64 – the November 2016 state ballot measure legalizing pot for recreational use beginning Jan. 1, 2018.
420 FILE--Recreational marijuana sales will be legal in California come Monday morning, but Angelenos will have to wait a day — and will have limited options — if they want to buy cannabis without taking a road trip.
420 FILE—I receive this question in my email recently looking for some hope for her mother’s health crisis. This is what she wrote:
420 FILE--California is days away from launching a legal marketplace for adults to buy and sell recreational marijuana. On Jan. 1, the state will carry through on a vision voters endorsed by passing Proposition 64 last year.
420 FILE--California’s 2018 transition to legal marijuana contains a mind-bending paradox: Ending prohibitions on marijuana is going to require an awful lot of aggressive law enforcement.
420 FILE--The Los Angeles City Council approved regulations for the recreational marijuana industry on Wednesday, setting the stage for LA to become the largest city in the U.S. with legal cannabis when California’s adult-use marijuana laws go into effect on Jan. 1, 2018.
MARIJUANA JUSTICE--Eddy, a burly 65-year-old professional musician, walked into a free legal clinic in Los Angeles County one July morning hoping to clear his record. More than three decades ago, he served two years probation for attempting to sell a few gram bags of marijuana, a felony that put the immigrant, a legal United States resident with a green card, at greater risk of deportation.
POT BUSINESS--The state’s working group on marijuana and banking has finally issued its report on the litany of banking challenges facing California’s legal marijuana industry. And while it does recommend a number of measures to alleviate the industry’s difficulties, it ultimately concludes that real improvement will require some change at the federal level.