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posted by Fnord666 on Tuesday January 02 2018, @12:08AM   Printer-friendly
from the first-sale-at-4:20 dept.

California launches legal sale of cannabis for recreational use

California will launch the world's largest regulated commercial market for recreational marijuana on Monday, as dozens of newly licensed stores catering to adults who enjoy the drug for its psychoactive effects open for business up and down the state.

It becomes the sixth U.S. state, and by far the most populous, venturing beyond legalized medical marijuana to permit the sale of cannabis products of all types to customers at least 21 years old.

Colorado, Washington, Oregon, Alaska and Nevada were the first to introduce recreational pot sales on a state-regulated, licensed and taxed basis. Massachusetts and Maine are on track to follow suit later this year.

With California and its 39.5 million residents officially joining the pack, more than one-in-five Americans now live in states where recreational marijuana is legal for purchase, even though cannabis remains classified as an illegal narcotic under U.S. law.

The marijuana market in California alone, which boasts the world's sixth-largest economy, is valued by most experts at several billion dollars annually and is expected to generate at least a $1 billion a year in tax revenue.


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  • (Score: 2) by mhajicek on Tuesday January 02 2018, @01:50AM (4 children)

    by mhajicek (51) on Tuesday January 02 2018, @01:50AM (#616573)

    You couldn't pay me to move to California. I've turned down job offers simply because they were in California.

    --
    The spacelike surfaces of time foliations can have a cusp at the surface of discontinuity. - P. Hajicek
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  • (Score: 1) by khallow on Tuesday January 02 2018, @02:03AM (2 children)

    by khallow (3766) Subscriber Badge on Tuesday January 02 2018, @02:03AM (#616577) Journal
    Well, you can pay me to work in California. As the joke goes, it's a great place to work, but you wouldn't want to live there.
    • (Score: 2) by HiThere on Tuesday January 02 2018, @06:36AM (1 child)

      by HiThere (866) Subscriber Badge on Tuesday January 02 2018, @06:36AM (#616644) Journal

      Interesting joke. I rather *like* living here, but it's getting too expensive.

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      Javascript is what you use to allow unknown third parties to run software you have no idea about on your computer.
      • (Score: 2, Interesting) by anubi on Wednesday January 03 2018, @03:29AM

        by anubi (2828) on Wednesday January 03 2018, @03:29AM (#617055) Journal

        I have lived in California for 40 years or so... but one thing that I am seeing lately is really getting my goat.

        Tax Law.

        I keep seeing all this brohuahua over house flipping. Make money fast. Just tie up property you do not live in. Now its a business expense. Special deductions.

        So investors are doing what makes them the most money. Ramming up the price of real estate.

        Should not our Tax Law be written to encourage providing employment, rather than hogging resources?

        If I had my druthers, I would see the "homestead" exemption drastically increased, along with deductions things that provide employment to tradesmen, such as home maintenance and construction. Basically, encourage everyone to spiff up their house while providing more employment to people who do not have 9-5 job.

        Forget trying to tax at that level... just be glad they are doing something more productive than waiting for their EBT card credit to be posted.

        Leave your mitts off that gardener or stone mason that is helping a homeowner spiff his place up. They are not making that much money. On top of that, it sometimes costs them as much money as they earned to just account for what they earned in a governmentally accepted format.

        The government is trying so hard to micro-tax the micro-income earners that its losing sight of millions of people who are wising up the meme that the best way to live is not to work.

        The end result of this is we have bums on bicycles coursing up and down our residential areas all day, treating our houses and cars like a shopping mall, instead of working for a living.

        Because our Government's tax law. Tax the workers. Credit the freeloaders.

        They get paid to sit on their can. While government exacts even more tax dollars from us to pay them to do so.

        The Government is setting the meme that the only way to win is not to play ( work ).

        Through Tax Law.

        --
        "Prove all things; hold fast that which is good." [KJV: I Thessalonians 5:21]
  • (Score: 2) by Runaway1956 on Tuesday January 02 2018, @11:01AM

    by Runaway1956 (2926) Subscriber Badge on Tuesday January 02 2018, @11:01AM (#616680) Journal

    Ditto that. Actually, I don't want to live on the west coast. OR the east coast, unless maybe Maine, or Nova Scotia. I believe the most sane Americans live in the middle of the continent.