[TrackerBot]

Today, the California Board of Equalization (BOE) released its analysis of state Assembly Bill 390 - legislation that would tax and regulate marijuana. According to the report, the BOE would collect $1.38 billion annually in new revenue from the sales of legal marijuana, if the legislation is approved. The analysis is based on research that indicates [...]

To read more, visit the MPP Website by clicking here..

[weedtracker]

thats pretty good.. i think we could use an extra 1.38 billion in the bank.

[Billyboy88]

is this a step in the right direction?.. yes in my opinion
the more money they make maybe they lower the raids :/

[Eazy]

We smoke a million pounds per year.

They want a $50.00 ounce tax. Based on my consumption and today's ridiculously high prices, that's an additional $321.00 per year taken out of my wallet!

Medicine is not supposed to be taxed and we should be entitled to a tax write-off as all other people are who use other medications. We need to get over this stereo-type of charging a sin tax here, it's medical marijuana, not an illegal controlled substance.

Hemp is the solution to our tax problems and the governor knows this. Hemp must be mass produced to balance the budget. We'll turn sunshine into food, fuel, fiber, and medicine -- the sales tax on the fuel and fiber products will suffice due to the savings in law enforcement, prosecutions, imprisonments, probations and paroles, plus the food and fuel and fiber will be so abundant and cheap the savings to us will be a wind-fall.

Produce hemp, sell it to the rest of the country and world where it can't be grown well to help balance the national budget. If we grow it on state lands, we can use that money to balance the budget by selling it locally first; I'll take a few hundred pounds of the hemp seed, the medicinal buds, and fuel oils, please -- Bluedream. Here's $500.00 (goes to the state to help balance the budget)! If one million people pay $500.00 to the state for hemp and medicinal marijuana grown on state lands, $50,000,000,000.00 (50 billion) would be generated, the cost would be if a billion, maybe a billion, mostly in jobs building, protecting, and tending the grows! ...we'd put the state in a budget surplus of $24,000,000,000.00 (24 billion) within the first growing cycle!!!

Now that's how you balance a budget! You can send me the governor's full salary and benefits this year!

:001_tt2:

[ps-med]

I like Easy's thinking on legalizing Hemp products. Hemp oil can be used as diesel fuel. Maybe it is time for the government to look at hemp products, not just MJ, as a solution to financial problems.

[weedtracker]

if they leaglize weed, hemp would be legal too obviously.

[Eazy]

Originally Posted by weedtracker

if they leaglize weed, hemp would be legal too obviously.

ummm...nobody's congratulating me on figuring out how to balance the state budget???

Come on, you know you love me and my idea. :001_wub:

Who's gonna call arnie, me or you??? :001_tt1:

[Eazy]

Originally Posted by Eazy

We smoke a million pounds per year.

They want a $50.00 ounce tax. Based on my consumption and today's ridiculously high prices, that's an additional $321.00 per year taken out of my wallet!

Medicine is not supposed to be taxed and we should be entitled to a tax write-off as all other people are who use other medications. We need to get over this stereo-type of charging a sin tax here, it's medical marijuana, not an illegal controlled substance.

Hemp is the solution to our tax problems and the governor knows this. Hemp must be mass produced to balance the budget. We'll turn sunshine into food, fuel, fiber, and medicine -- the sales tax on the fuel and fiber products will suffice due to the savings in law enforcement, prosecutions, imprisonments, probations and paroles, plus the food and fuel and fiber will be so abundant and cheap the savings to us will be a wind-fall.

Produce hemp, sell it to the rest of the country and world where it can't be grown well to help balance the national budget. If we grow it on state lands, we can use that money to balance the budget by selling it locally first; I'll take a few hundred pounds of the hemp seed, the medicinal buds, and fuel oils, please -- Bluedream. Here's $500.00 (goes to the state to help balance the budget)! If one million people pay $500.00 to the state for hemp and medicinal marijuana grown on state lands, $50,000,000,000.00 (50 billion) would be generated, the cost would be if a billion, maybe a billion, mostly in jobs building, protecting, and tending the grows! ...we'd put the state in a budget surplus of $24,000,000,000.00 (24 billion) within the first growing cycle!!!

Now that's how you balance a budget! You can send me the governor's full salary and benefits this year!

:001_tt2:

bump :001_wub:

[ps-med]

Originally Posted by weedtracker

if they leaglize weed, hemp would be legal too obviously.

Yes, but no one is talking about hemp or hemp related products (Hank Hill where are you?). I think the benefits of Hemp should also be factored in to the decision making process. It seems that everyone is talking about how much tax money can be generated from MJ consumption, no one has mentioned (or factored in to the calculations) how much money could be generated from hemp seeds, oil, clothing etcetera. How much money does Cananda make from the sales of industrial hemp products?

[red_eye_ked]

A LOT of jobs will be created too.. someone will have to commercially farm all this hemp. Someone will have to ship it all. Someone will have to separate and package all of it.. Someone will have to process it into bio-fule. I agree there are a LOT of things that will be improved when it is legal and taxed.