The BOE’s estimate, released late yesterday, assesses a $50 per ounce tax on the retail sale of cannabis (among other state-imposed costs), as recommended under Assembly Bill 390: The Marijuana Control, Regulation and Education Act. This act seeks to license and tax the commercial production, packaging, and retail sale of marijuana to those 21 years of age or older.
NORML Executive Director Allen St. Pierre presented a mock check to the U.S. Treasury Department in the sum of $14 billion this morning at a press conference on the steps of the General Post Office in New York City.
What would you do with an extra $14 billion dollars? NORML will be asking the Obama administration that very question tomorrow when Executive Director Allen St. Pierre will present a mock check to the U.S. Treasury Office at a press conference on the steps of the General Post Office in Midtown Manhattan in New York City.