If Prop19 passes …
Marijuana prices drop by 80% in California!
State tax revenues range from $650 million to $1.49 billion!
“The Santa Monica-based, nonprofit research institute predicted the cost of marijuana, which runs between $300 and $450 per ounce, could plunge to about $38 by eliminating the expense of compensating suppliers for the challenges of operating in the black market.”
http://latimesblogs.latimes.com/lanow/2010/07/proposition-19-marijuana-costs.html