San Francisco May Legalize Pot
We Need the Money
Tom Ammiano, supported by Sherrif Hennessey and Betty Yee who is chair of the State Board of Equalization all think that pot is a money maker. The idea would be to regulate it, just like other alcohol and cigarettes.
According to the Chronicle, an analysis done by the State Board of Equalization concluded that the state could collect an cool 1.3 bilion in new tax revenue. They envision a $50 per ounce tax on retail sales of pot. This same analysis also concludes that the price would drop by half and consumption would increase by as much as 40%.
Would we be able to smoke pot in bars.....can you imagine the conversations....all the while, munching feverishly on gold fish and salt pretzels. Maybe this one is best left alone.
Thanks for Reading
Howard Bell
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Howard Bell PFP CCRM is the founder/editor of yourpropertypath.com 450 articles on property management Howard is a property manager in San Francisco and holds a certification in financial planning
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