Taxation and Regulation of Cannabis

I wish to go on record as stating that I am strongly in favor of taxation and regulation of cannabis. IF this means, that medical cannabis is no longer a specialty for me to practice; so be it. I am in favor of liberal legalization and regulation.

I hear everyone speak about taxation of cannabis as the reason to do this. I would remind folks, that most dispensaries are already paying sales tax and the most seem ok with paying additional city tax. I think the real benefits for the California economy lay in two other areas:

1. Like it or not, if we de-criminalize cannabis in California, tourism will dwarf Amsterdam and LA and California will flourish.

2. I would imagine Pharmaceuticals would be very interested in setting up some labs in California to see what products make sense in the “Rx” world. Why can’t the state “own” a piece of the action.

Just consider the Gold Coast of California hosting cannabis to the world of tourism, capitalism and Pharma???

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