Proposition 19

Proposition 19, also known as the Regulate, Control and Tax Cannabis Act of 2010, is a California ballot proposition which will be on the November 2, 2010 California statewide ballot. It legalizes various marijuana-related activities, allows local governments to regulate these activities, permits local governments to impose and collect marijuana-related fees and taxes, and authorizes various criminal and civil penalties. In March 2010 it qualified to be on the November statewide ballot. It requires a simple majority in order to pass, and would take effect the day after the election. Yes on 19 is the official advocacy group for the initiative, and No On Proposition 19 is the official opposition group.

Proponents of Proposition 19 argue that it would help with California's budget shortfall, cut off funding to violent drug cartels, and redirect law enforcement resources to more dangerous crime, while opponents claim that its gaps and flaws will have serious unintended consequences on public safety, workplaces, and federal funding. As of October 2010, even if the proposition is passed, the sale of marijuana will remain illegal under federal law via the Controlled Substances Act.

Here's a recent The Young Turks episode where they discuss the proposition.

An older video clip talking about the losses that Mom&Pop growers 

may suffer due to the "Walmartization" of Weed.

Stay tuned for more information concerning Proposition 19 and the decriminalization of marijuana in the upcoming days.