According to an article in the San Francisco Chronicle, a bill has been introduced in California to legalize marijuana.
California would become the first state in the nation to legalize marijuana for recreational use under a bill introduced Monday by Assemblyman Tom Ammiano of San Francisco.
The proposal would regulate marijuana like alcohol, with people over 21 years old allowed to grow, buy, sell and possess cannabis - all of which is barred by federal law.
Ammiano, a Democrat in his third month as a state lawmaker, said taxes and other fees associated with regulation could put more than a billion dollars a year into state coffers at a time when revenues continue to decline.
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The analysis also concluded that legalizing marijuana would drop its street value by 50 percent and increase consumption of the substance by 40 percent.
...and would probably reduce tourism to Amsterdam by 50%.
