The Secretary of State’s office in California has released its fiscal impact note on a cannabis legalization initiative which was recently approved for circulation. According to the report, the proposal would save the sta
te hundreds of millions of dollars in reduced cannabis-enforcement, in addition to hundreds of millions of dollars in increased tax revenue.
According to the report; “The measure would result in reduced costs to the state and local governments by reducing the number of marijuana offenders incarcerated in state prisons and county jails, as well as the number placed under community supervision (such as county probation).”
