Prop 64

California marijuana retailers will be toting huge amounts of cash to the Franchise Tax Board and the IRS, as pot still is too illegal for banks to inhale.

California’s new regulations and taxes for recreational marijuana, legal as of January 1, are a threat to the Emerald Triangle cultivators and dealers who have dominated marijuana for almost five decades.

The 88 California licensed recreational marijuana stores began the New Year with price-cutting and big sales volumes.

California New Year’s Day partiers can only buy legal recreational marijuana at 44 locations across the state, as cities like Los Angeles are suffering problems setting up taxes and dealing with union infighting.

California is confident that draft regulations will be ready by the end of November to start the billion-dollar recreational marijuana tax bonanza on January 1.

Over 30,000 attended the “Emerald Cup” at the Sonoma County Fairgrounds this past weekend, where farmers, families and friends of marijuana could visit 394 exhibitor booths. The fair made a huge statement about the economic boom associated with California’s top agricultural crop.

California voters approved the Adult Use of Marijuana Act, or Proposition 64, on Tuesday night, legalizing marijuana for recreational use throughout the state.