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.”

Just Posted

BART looking west toward Geary Boulevard in transbay crossing study

Every attempt in Bay Area history to extend BART down Geary has… Continue reading

SFUSD going back to basics with school lunches made from scratch

Upgraded culinary center could serve as model for expanded in-house food production.

Suzy Loftus sworn in as interim district attorney

Suzy Loftus was sworn in as interim district attorney Saturday morning, a… Continue reading

Re-imagining Stonestown

Owners hosting gatherings to find out how to make mall a ‘place people love over the long-term.’

Sliding doors could open up more space on Muni buses

A simple engineering change could soon make Muni’s 900 buses roomier across… Continue reading

Most Read