well, at least they admitted it:

President Obama, Governor Schwarzenegger and other esteemed politicos may routinely distance themselves from the potential windfall that would accompany legalizing and taxing cannabis, but amid California's latest and deepest financial crisis the state Board of Equalization has tagged a whopping revenue figure to such a notion.

As Eric Bailey blogs on the LA Times' L.A. Now site, "a tax on pot sales in California could fetch as much as $1.4 billion, according to the board's analysis in response to a proposal by Assemblyman Tom Ammiano (D-San Francisco) that would regulate cannabis much like alcohol."

more here at the source:
Orange County - Taxing Pot Would Generate $1.4 Billion in California: State Board - Navel Gazing - OC Weekly
kittenpantses Reviewed by kittenpantses on . Taxing Pot Would Genearate $1.4 Billion in California, says State Board well, at least they admitted it: President Obama, Governor Schwarzenegger and other esteemed politicos may routinely distance themselves from the potential windfall that would accompany legalizing and taxing cannabis, but amid California's latest and deepest financial crisis the state Board of Equalization has tagged a whopping revenue figure to such a notion. As Eric Bailey blogs on the LA Times' L.A. Now site, "a tax on pot sales in California could fetch as much as $1.4 billion, Rating: 5