The folks at the The Tax & Regulate Cannabis 2010 here in Oaksterdam California have gathered the 650,000 signatures necessary to put the legalization of marijuana on the November 2010 ballot! This major victory means  Californians will be the first in the nation to decide whether they believe marijuana should be legal…taxed and regulated for all adults over 21.

Richard Lee, the president of Oaksterdam University, owner of the famous Coffeeshop Blue Sky, and major financial supporter of the initiative told Stuff Stoners Like, “California voters believe that our laws criminalizing marijuana have failed! 56% of Californian’s support legalization and the time for reform is now.”

The Regulate, Control, and Tax Cannabis Act of 2010 will regulate cannabis like alcohol allowing adults 21 and older in California to posses up to one ounce of cannabis. It will give local governments the ability to tax and regulate the sale of herb to adults 21 and older and it will generate billions of dollars in revenue!