Californians smoke 16 million ounces of pot a year
March 11, 2010
Here’s something that might keep Sheriff Pat Hedges awake at night: A new state report indicates that Californians smoke 16 million ounces of pot a year–that’s just less than one half-ounce a person for every resident in the state. [Sacramento Bee]
The report by the state Board of Equalization was prepared as part of a strategy by Assemblyman Tom Ammiano, D-San Francisco, to legalize, tax, and regulate marijuana use by Californians over the age of 21.
The new report also says that California is the nation’s top pot-producing state, with an annual yield of 8.6 million pounds of weed valued at $13.8 billion. The figure represents more than one-third of the cultivation across the country.
Predictions call for the street price of marijuana to drop 50 percent once marijuana is legalized, but the study also suggests 40 percent more residents would turn to marijuana–that is, until the new tax kicks in and consumption would reduce by 11 percent.