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.”

Bay Area NewsLocalMarijuanaTom Ammiano

If you find our journalism valuable and relevant, please consider joining our Examiner membership program.
Find out more at www.sfexaminer.com/join/

Just Posted

‘Extremely disturbing’: SF police chief condemns death of George Floyd

Bill Scott joins SFPOA, top cops nationwide in deeming incident a failure of policing

Haight Street group drops ties with prominent pro-Trump attorney

Amoeba, other merchants filed lawsuit seeking to block ‘Safe Sleeping’ site on Stanyan

CCSF board votes to close Fort Mason campus

College dropping lease on waterfront site to help close projected deficit

Planning Commission greenlights 1,100 unit Balboa Reservoir project

Development near CCSF expected to include 50 percent below-market rate units

Breed announces timeline for when SF’s businesses can reopen after COVID-19 shutdown

Restaurant advocacy group wants The City to allow indoor dining sooner

Most Read