Not to take a break from the investments post (which is already huge and growing), but today marked another landmark in the movement to get recreational marijuana legalized throughout the US. New Jersey state senator Nicholas Scutari announced a bill to legalize marijuana, tax it, and regulate it like alcohol - meaning it would be legal for those 21 and older. Individual counties and towns would be able to ban storefronts selling the plant. No word yet on the tax the state would place on the purchase, but Scutari's plan revolves around the tax revenue such legislation would create, pointing to Colorado's recently announced revenues from legal sales in January as a reason to legalize the plant.
Naturally, Governor Christie, a longtime advocate of the war on drugs and GOP presidential hopeful, has come out against the bill (naturally), and will try to stop it from being passed.
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