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>" Oct. 28 (Bloomberg) -- California’s Assembly will >consider lifting its 96-year-old ban on marijuana, >decriminalizing the drug and taxing it like alcohol, >as the state seeks ways out of its worst financial >crisis since World War II. > >The Assembly’s Public Safety Committee will discuss >the social, fiscal and legal implications of >legalizing and regulating marijuana in Sacramento >today, said Quintin Mecke, a spokesman for Assemblyman >Tom Ammiano. > >It would be the first time the issue has been >considered by the Legislature since the ban on >marijuana use went into effect in 1913, according to a >statement from the San Francisco Democrat. > >“It is time to take our heads out of the sand and >start to regulate this $14 billion industry,” Ammiano >said in the statement. “By doing so, we can enact >smart public policy that will bring much-needed >revenue into the state and improve public safety by >utilizing our limited law enforcement resources more >wisely. The move toward regulation is simply common >sense.”... > ><a rel=nofollow target=_blank >href="http://www.bloomberg.com/apps/news?pid=20601087&s >id=a2dVAWr7p7lk">http://www.bloomberg.com/apps/news?pid >=20601087&sid=a2dVAWr7p7lk</a>
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