Hmm...yes legalization would bring in more revenue to California's local governments but you'd have to be crazy to think the price for an ounce of weed would stay at +/- $400. I predict after the dust settles it would be more like the price of a fifth of premium liquor, say $35-$50. Also too the massive Narco-Police-Prison Industrial complex could be cut back and and/or redirected toward different and better priorities and so IMHO legalization is a net positive.
What will the feds do? Just like with sanctuary cities, nuclear free zones, military recruiter bans and other thumbs-to-the-nose by state and local governments toward the feds it'll just have to play out. But given that California is a huge if not the biggest element in the Democratic party's coalition I doubt that Obama would really do that much. Some huff & bluster from the usual suspects and then....nuthin'.
Legalization is also a good hard kick in the balls to all the drug cartels too. Watch for them to dump cash into the hands of the anti-legalization forces. What else can they do? Drive-by shootings, bribery and rest of their normal tactics just ain't gonna work this time, eh?
