On Election Day, voters approved a number of local marijuana taxes, which may bring simmering tensions between California and federal drug laws to a boil.
Compared to Prop. 19, the state attorney general’s race and city taxes on pot will have a much more lasting impact on marijuana policy in California.
Stanford University economist Alain Enthoven has made a career of fighting wasteful spending in the public and private sectors. Recently, he published a report lining out the financial ramifications of the high-speed rail project, concluding that it will most likely never be profitable.