160,000 Signatures Later, Coloradans Will Vote On Legal Marijuana in 2012
from The Colorado Independent:
This morning, proponents of a statewide initiative to legalize and regulate marijuana submitted nearly 160,000 signatures in support of placing the measure on the 2012 ballot. Only 86,105 valid signatures of registered Colorado voters are needed to qualify.
The Regulate Marijuana Like Alcohol Act of 2012 would make it legal for adults 21 and older to possess limited amounts of marijuana, establish a system in which it is regulated, and allow for the cultivation of industrial hemp. Along with generating state and local sales tax revenue, the measure calls on the state legislature to enact an excise tax on sales, of which the first $40 million annually would be directed to Colorado’s public school construction fund. Altogether, supporters estimate that limited legalization of marijuana would generate more than $100 million a year in taxes for Colorado.
oh word
(via solitaryforager)
