California Marijuana Legalization Initiative On 2016 Ballot!

California Secretary of State Alex Padilla pleased at least 60% of the state this morning with the news that an initiative to legalize marijuana for recreational use has qualified for the November 8th general election ballot.

Here is the official summary of the proposed legislation as it will appear in the ballot:

MARIJUANA LEGALIZATION. INITIATIVE STATUTE. Legalizes marijuana and hemp under state law. Designates state agencies to license and regulate marijuana industry. Imposes state excise tax on retail sales of marijuana equal to 15% of sales price, and state cultivation taxes on marijuana of $9.25 per ounce of flowers and… Continue reading →