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The Adult Use of Marijuana Act (AUMA) ( Proposition 64) was a 2016 voter initiative to legalize cannabis in California. The full name is the Control, Regulate and Tax Adult Use of Marijuana Act. [2] The initiative passed with 57% voter approval and became law on November 9, 2016, [3] [4] leading to recreational cannabis sales in California by ...
California. Potential revenue: $1,086,253,401. ... percent the actual revenue made when compared to the state’s potential revenue. All data was collected on and up to date as of April 1, 2021 ...
In 2020, state and local governments earned over $3 billion in tax revenue from cannabis taxes. [107] Although some cannabis proponents caution that overtaxation and overregulation of cannabis can result in political corruption, bribery, and an even bigger black market than before legalization. [108] [109]
Historical laws. Cannabis in California has been legal for medical use since 1996, and for recreational use since late 2016. The state of California has been at the forefront of efforts to liberalize cannabis laws in the United States, beginning in 1972 with the nation's first ballot initiative attempting to legalize cannabis ( Proposition 19 ).
According to the California Department of Tax and Fee Administration, legal marijuana shops reported about $5.1 billion in revenue in 2023, less than the previous year and 11% less than in 2021.
California Proposition 19 (also known as the Regulate, Control & Tax Cannabis Act) was a ballot initiative on the November 2, 2010, statewide ballot. It was defeated, with 53.5% of California voters voting "No" and 46.5% voting "Yes." [ 1] If passed, it would have legalized various marijuana -related activities, allowed local governments to ...
Marijuana has come a long way from its status as an illicit substance to now being recognized for its medical and recreational purposes in many states. Nine states have fully legalized it, and more...
Colorado legalized pot in 2012, and in 2021 the state raked in more than $400 million in tax revenue — with that money going to public schools, health care, and substance abuse prevention and ...