Gary Johnson Is An Idiot, CALF Prop 64 Imposes A 15% Excise Tax On All Marijuana Sales. Gary Johnson That Not Libertarian, If You Read That Libertarian Party By Law's It Call For Tax Cuts Not Rising Taxes.

Imposes a 15% excise tax on all marijuana sales.

• The independent Legislative Analyst’s Office (LAO) expects annual revenue to eventually reach over $1 billion.
• Saves state and local governments $100 million annually due to reduced legal and incarceration costs.

Directs tax revenues to the newly established California Marijuana Tax Fund.

• 60% of the fund will be directed towards youth substance abuse prevention, treatment, and education.
• 20% goes to helping state and local law enforcement.
• 20% will be used for environmental restoration, cleanup, and enforcement efforts.
• Additionally, a portion of revenue will be allocated for medical marijuana research and to studying implementation outcomes.
• Creates a community reinvestment fund that will allocate tens of millions of dollars annually towards economic development and job placement for neighborhoods most in need.
• A portion of revenue will also be used for medical marijuana research and for studying implementation outcomes.

Greatly reduces – and in many cases, eliminates – criminal penalties for marijuana offenses.

• Would help alleviate the currently overburdened criminal justice system.

Imposes the strictest regulations governing labeling, packaging and testing of marijuana products in the nation. These are designed to protect children from accessing marijuana, and to convey warnings to help adults consume safely. 

• The Department of Consumer Affairs (DCA) will serve as the lead regulatory agency.
• The Department of Public Health (DPH) will oversee testing and manufacturing.
• The Department of Food & Agriculture (DFA) will oversee cultivation.

Favors small scale producers and keeps large corporations from gaining a monopoly.

• Delays issuance of large cultivation licenses for the first five years that AUMA is in effect allowing smaller growers to establish themselves in the market.
• Restricts large producers from vertically integrating with each other.

Legalizes industrial hemp production.

• Hemp products have an astonishing number of useful applications as well as a net environmental benefit.
• Would add millions of dollars to the California economy and create new jobs.

Full initiative text: https://www.oag.ca.gov/system/files/initiatives/pdfs/15-0103%20%28Marijuana%29_1.pdf?

LAO fiscal impact statement: https://www.oag.ca.gov/system/files/initiatives/pdfs/fiscal-impact-estimate-report%2815-0103%29.pdf?

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