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Ammiano may be right. A few days after he introduced the bill, U.S. Attorney General Eric Holder announced that states should be able to make their own rules for medical marijuana and that federal raids on pot dispensaries in California would cease. The move signaled a softening of the hard-line approach to medicinal pot use previous Administrations have taken. The nomination of Gil Kerlikowske as the head of the Office of National Drug Control Policy may also signal a softer federal line on marijuana. If he is confirmed as the so-called drug czar, Kerlikowske will take with...

Author: /time Magazine | Title: Can Marijuana Help Rescue California's Economy? | 3/13/2009 | See Source »

...medical marijuana. Currently, $200 million in medical-marijuana sales are subject to sales tax. If passed, the Marijuana Control, Regulation and Education Act (AB 390) would give California control of pot in a manner similar to that of alcohol while prohibiting its purchase by citizens under age 21. (The bill has been referred to the California state assembly's public-safety and health committees; Ammiano says it could take up to a year before it comes to a vote for passage.) State revenues would be derived from a $50-per-oz. levy on retail sales of marijuana and sales taxes...

Author: /time Magazine | Title: Can Marijuana Help Rescue California's Economy? | 3/13/2009 | See Source »

Joel W. Hay, professor of pharmaceutical economics at USC, also foresees harm if the bill passes. "Marijuana is a drug that clouds people's judgment. It affects their ability to concentrate and react, and it certainly has impacts on third parties," says Hay, who has written on the societal costs of drug abuse. "It's one more drug that will add to the toll on society. All we have to do is look at the two legalized drugs, tobacco and alcohol, and look at the carnage that they've caused. [Marijuana] is a dangerous drug, and it causes bad outcomes...

Author: /time Magazine | Title: Can Marijuana Help Rescue California's Economy? | 3/13/2009 | See Source »

...investment in credibility - and Obama has been a little risky with his portfolio. He said no lobbyists would be working in his White House - except the ones he really, really needed - and that no pork would fatten his budgets once he got past the $410 billion omnibus spending bill with its 8,570 earmarks. By promising higher standards for hiring, tighter controls on spending and greater transparency in execution, Obama set himself up to let people down. Consider Orszag's March 10 trip to Capitol Hill to testify before the Senate Finance Committee. Senators are intrigued by Obama's proposed...

Author: /time Magazine | Title: Obama's Reform Agenda: Is He Trying to Do Too Much? | 3/13/2009 | See Source »

...bipartisan group of nine U.S. Senators, after meeting for nine months behind closed doors, is nearing an agreement on the broad strokes of a health-care-reform bill. The so-called Gang of Nine - though its number expands and contracts depending on the meeting - is hammering out the finer points as they prepare to enter the drafting phase of the negotiations, sources from three Senate offices involved in the talks told TIME...

Author: /time Magazine | Title: Bipartisan Senate Group Makes Health-Care Progress | 3/13/2009 | See Source »

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