Wednesday, March 3, 2010
RI bill to tax®ulate marijuana
Californians are trying to tax and regulate marijuana, through such measures as the Tax Cannabis 2010 ballot initiative and Assm. Tom Ammiano's AB 2254. Meanwhile, legislators in the Rhode Island House of Representatives have also introduced a bill to legalize marijuana; text here: http://www.rilin.state.ri.us/BillText/BillText10/HouseText10/H7838.htm. H7838 would regulate marijuana wholesalers, retailers, and home-cultivators, and set a tax of $50/ounce like CA AB2254. Looks like there's a race on to see who can begin reaping tax revenues, first: at least 6 states (California, Rhode Island, Colorado, Washington, Oregon, Nevada) will consider taxing and regulating marijuana by the end of 2012. H7838 specifically invokes corrections/enforcement savings as a reason for regulating marijuana: "There were more than 847,000 arrests for marijuana offenses in the US in 2008, which is more than Rhode Island's entire adult population."