Cannabis may be a panacea not only for untold ills of mind and body, but also a cure for some of California’s budget woes, according to the Marijuana Policy Project which is advocating the legalization, regulation and taxation of pot.  The advocacy group claims at least $1 billion dollars coul dbe raised annualy fomr the taxes on pot currently sold on the street. And to get the populace on their side MMP is launching this ad on Wednesday–though some stations have refused to air it.

If pot is legalized, will people be allowed to grow small amounts for home use, like beer and wine hobbyists? What will happen to the booming marijuana pot dispensary businesses, which do pay sales tax already as required by a 2007 law? Will they just simply become licensed pot stores, like liquor stores? Will this be retroactive, allowing pot dealers with no other related convictions to get out of jail?

Will there be laws allowing only California grown pot to be sold in CA? One hopes so, as it is the state’s number one cash crop. Will there be regulations to insure the pot sold is grown responsibly and not in ways and places that harm the environment? How much of the revenue will go to administrative costs? What sort of driving laws and tests to enforce these laws will be created? How will this affect teens?