Should We Legalize Marijuana to Close the Budget Deficit?

care2.com — A TV ad is airing in California that pushes for legalizing and taxing marijuana to help close the $26.3 billion budget deficit. Tom Ammiano's proposed bill would allow California to regulate and tax the sale of marijuana. If the state taxed $50-per-oz. of pot, it would gain an estimated $1.3 billion in revenues per year. Jul 29, 2009 View in Crawl 4