Topic: California Board of Equalization
A proposition to regulate and tax marijuana is on the California ballot. Its backers say it can raise up to $1.4 billion in revenue and help reduce the state's huge deficit. But the tax makes no economic sense.
White House 'drug czar' Gil Kerlikowske lays out his most thorough arguments yet against marijuana legalization. They help clear up confusion over White House drug policy, and can serve as talking points for parents and officials.