New bill could generate $1.4B yearly in marijuana taxes

A new bill introduced by a San Francisco state assemblyman could generate annually about $1.4 billion in revenue from taxing marijuana, officials said today.

ABX6-9, by Assemblyman Tom Ammiano, D-San Francisco, is meant to tax cannabis if voters approve Proposition 19 in the Nov. 2 election, which would legalize marijuana consumption in California.

Ammiano's bill would “regulate, control, and tax” marijuana, he said at a press conference today.

It would also help fight the war on drugs, which he said has failed.

“We're really not putting enough money in and around addiction and substance abuse,” Ammiano said.

He said he's uncertain where in city government the revenue generated from the bill would be directed.

“Nothing is really set in stone,” he said, but added that he would like to see it go to education and substance abuse programs.

Nate Bradley, who works for Law Enforcement Against Prohibition, said today that taxing marijuana could help take money out of the hands of criminals.

“They currently take in $14 billion a year in our state alone,” he said.

LEAP is a group of current and former law enforcement officers who speak about drug policies that have failed, according to the group's website.

Along with Ammiano, LEAP members believe Proposition 19 and ABX6-9 would create government policies that would help officials address criminalized portions of the marijuana industry.

“Kids aren't getting shot in our schools over vodka sales gone bad,” Bradley said. “They're getting shot in our schools over marijuana sales.”

Ammiano said, “If the demand for marijuana is being filled, especially now by very, very dangerous cartels, this will start to minimize their markets.”

“Once you lift the prohibition,” he said, “you take the gangs out of it.”

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