August 1, 2021 #1 Local News, Forum, Information and Event Source for Venice Beach, California.

Marijuana Initiative Qualifies for November Ballot

4:20am

An initiative that would legalize marijuana and hemp and impose taxes on them will appear on the Nov. 8 ballot. What backers have dubbed the “Control, Regulate and Tax Adult Use of Marijuana Act” would also establish packaging, labeling, advertising and marketing standards and restrictions for marijuana products, including prohibiting marketing and advertising marijuana to minors.

The initiative also authorizes resentencing and destruction of records for prior marijuana convictions. The measure would impose a state excise tax on retail sales of marijuana
equal to 15 percent of the sales price and state cultivation taxes on marijuana of $9.25 per ounce of flowers and $2.75 per ounce of leaves. The initiative allows for local regulation and taxation of marijuana and exempts medical marijuana from some taxation.

Passage of the initiative would result in net reduced costs ranging from
tens of millions of dollars to potentially exceeding $100 million annually to
state and local governments related to enforcing certain marijuana-related
offenses, handling the related criminal cases in the court system, and incarcerating and supervising certain marijuana offenders, according to an analysis conducted by the Legislative Analyst’s Office and Department of Finance.

The analysis also found passage would result in net additional state and
local tax revenues potentially ranging from the high hundreds of millions of
dollars to over $1 billion annually related to the production and sale of
marijuana. Most of these funds would be required to be spent for specific
purposes such as substance use disorder education, prevention and treatment.

Hemp is a variety of the cannabis plant that is grown specifically for
the industrial uses of its products. It can be refined into a variety of
commercial items including paper, textiles, clothing, biodegradable plastics,
paint, insulation, biofuel, food and animal feed.

The initiative required valid signatures from 365,880 registered voters, 5 percent of the total votes cast for governor in the 2014 general election, to qualify for the ballot, Secretary of State Alex Padilla said Tuesday when announcing the measure had qualified for the ballot.

Related Posts

The Reese Davidson Project Faces New Appeal

July 29, 2021

July 29, 2021

Venice Vision has submitted a new appeal in opposition of The Reese Davidson Community affordable housing project set to break...

Umami Burger Coming to Venice

July 22, 2021

July 22, 2021

Popular burger restaurant moving into former Komodo space on Main Street By Kerry Slater Umami Burger is coming to Venice...

Venice Car-to-Car Shooting Leaves 18-Year-Old Dead

July 6, 2021

July 6, 2021

LAPD investigating Monday incident By Sam Catanzaro Police are searching for a driver wanted in connection to a car-to-car shooting...

Edify TV: Closing Expo Line Bike Path Gap?

June 15, 2021

June 15, 2021

Plans are in the works to close a frustrating gap in the Expo Line Bike Path. Learn more in this...

Factors to consider before joining an online casino

June 1, 2021

June 1, 2021

Online casinos are incredibly popular these days, especially since most parts of the world have been forced to stay in...

Can cannabis change the way you’re thinking?

June 1, 2021

June 1, 2021

The popular narrative that some of the greatest musicians in the world created music while under the influence of hallucinogenic...

​Mistakes to avoid when choosing an online casino​

June 1, 2021

June 1, 2021

Are you looking to find an online casino to play at but are completely new to the scene and have...

Tokyo-Style Pizza?

April 29, 2021

April 29, 2021

The Rose Venice’s Jason Neroni announces plans for former A-Frame space on Washington Blvd. By Kerry Slater A Venice-chef is...

Restaurant Spotlight: Tar And Roses Serves Up Wood-Fired Cuisine, Earthy Wines With Reopening

April 22, 2021

April 22, 2021

Popular SM restaurant back up and running By Toi Creel Far too many restaurants have fallen victim to the pandemic....

Mixed-Use Development Proposed for Windward Circle

March 23, 2021

March 23, 2021

Three-story townhouse project with restaurant planned for Main Street in Venice By Sam Catanzaro A developer wants to replace two...

Check out the 10 Venice Restaurants Taking Part in dineL.A.

February 25, 2021

February 25, 2021

First ‘spring’ season of culinary event to begin first week in March By Kerry Slater 10 Venice restaurants will participate in...