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Regulating and taxing marijuana in California could generate the state somewhere in the neighborhood of $1.4 billion in revenue, at least according to an analysis released yesterday by tax officials in the state. The State Board of Equalization report has estimated that, when a $50 per ounce fee is imposed, marijuana sales would bring in $990 million as well as $392 million in tax. A bill was introduced by Tom Ammiano, a San Francisco Democratic Assemblyman, in February that would allow those

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