GOOD

California Grapples With That Other Kind of Green Revenue


California public officials today find themselves forced to address the peculiar challenge of preparing to regulate and tax a business that is currently illegal. Depending on the success or failure of the Regulate, Control, and Tax Cannabis Act on November 2, marijuana could very quickly become a commodity to be reckoned with in every California city. For a state in debt $19 billion, Josh Stephens explains on Planetizen just how profitable some have speculated the cannabis business could be:

A report authored by Dale Gieringer, California Director of the National Organization for Reform of Marijuana Laws (NORML), in October proposes that a legal cannabis market could generate between $2.7 and $4.5 billion in state excise tax revenue, several hundred million in local sales tax revenue, and $12 - $18 billion in spinoff activity, including that from tourism and coffee shops. The report compares the pot market to the $12.3 billion in-state wine market and the $51.8 billion in overall economic activity that it generates.


Oakland has took an early lead in capturing a share of that revenue through Measure F, a ballot initiative that authorized the city to raise the tax on "Cannabis business" from the 1.2 percent citywide sales tax to 1.8 percent. That’s a pittance compared to what some Tax Cannabis supporters say they are willing to pay.

\n

However, just as with the legalization of medical marijuana, the navigation of a booming retail business is likely to be chaotic. Stephens writes:

The situation highlights the notorious oddity of the California initiative system, which often asks voters to affirm, or reject, sweeping statements of principle and then forces state and local officials to figure out how to implement—and interpret—the voters' wishes.

Localities that fail to confront and plan for marijuana legalization could end up with shady growers in every basement and retailers setting up shop in every vacant storefront and shuttered fast food joint. Meanwhile, those that prohibit marijuana will lose the potential revenue too. Those that do plan, according to some proponents, are going to have to craft land use ordinances that both uphold public safety and allow businesses to flourish.

\n

Nonetheless, everything about the situation is deeply hypothetical at the moment. Public officials must decide how best to deal with a product that, ultimately, they might not actually have to deal with at all. To read the rest of Stephens' thorough analysis, click here.

Photo (cc) courtesy of Flickr user thetruthabout... via Planetizen.

Articles
via Gage Skidmore / Flickr

If you are totally ready to move on from Donald Trump, you're not alone. According to a report last April from the Wason Center National Survey of 2020 Voters, "President Trump will be the least popular president to run for reelection in the history of polling."

Yes, you read that right, "history of polling."

Keep Reading Show less
Politics
via Around the NFL / Twitter

After three years on the sidelines, Colin Kapernick will be working out for multiple NFL teams on Saturday, November 16 at the Atlanta Falcons facility.

The former 49er quarterback who inflamed the culture wars by peacefully protesting against social injustice during the national anthem made the announcement on Twitter Tuesday.

Kaepernick is scheduled for a 15-minute on-field workout and an interview that will be recorded and sent to all 32 teams. The Miami Dolphins, Dallas Cowboys, and Detroit Lions are expected to have representatives in attendance.

RELATED: Joe Namath Says Colin Kaepernick And Eric Reid Should Be Playing In The NFL

"We like our quarterback situation right now," Miami head coach, Brian Flores said. "We're going to do our due diligence."

NFL Insider Steve Wyche believes that the workout is the NFL's response to multiple teams inquiring about the 32-year-old quarterback. A league-wide workout would help to mitigate any potential political backlash that any one team may face for making an overture to the controversial figure.

Kapernick is an unrestricted free agent (UFA) so any team could have reached out to him. But it's believed that the interested teams are considering him for next season.

RELATED: Video of an Oakland train employee saving a man's life is so insane, it looks like CGI

Earlier this year, Kaepernick and Carolina Panthers safety Eric Reid reached a financial settlement with the league in a joint collusion complaint. The players alleged that the league conspired to keep them out after they began kneeling during the national anthem in 2016.

Before the 2019 season, Kaepernick posted a video of himself working out on twitter to show he was in great physical condition and ready to play.

Kaepnick took the 49ers to the Super Bowl in 2012 and the NFC Championship game in 2013.

He has the 23rd-highest career passer rating in NFL history, the second-best interception rate, and the ninth-most rushing yards per game of any quarterback ever. In 2016, his career to a sharp dive and he won only of 11 games as a starter.

Culture

In the category of "claims to fame nobody wants," the United States can now add "exporter of white supremacist ideology" to its repertoire. Super.

Russell Travers, acting director of the National Counterterrorism Center, made this claim in a briefing at The Washington Institute in Washington, D.C. "For almost two decades, the United States has pointed abroad at countries who are exporters of extreme Islamist ideology," Travers said. "We are now being seen as the exporter of white supremacist ideology. That's a reality with which we are going to have to deal."

Keep Reading Show less

Between Alexa, Siri, and Google, artificial intelligence is quickly changing us and the way we live. We no longer have to get up to turn on the lights or set the thermostat, we can find the fastest route to work with a click, and, most importantly, tag our friends in pictures. But interacting with the world isn't the only thing AI is making easier – now we can use it save the world, too.

Keep Reading Show less
Good News