Initiative 502 is an initiative to the Legislature. If enough signatures are collected the Legislature will have the option to pass the initiative during the January 2012 session. Should they fail to do so, the initiative then goes before voters.
Statement of Subject: Initiative Measure No. 502 concerns marijuana.
Concise Description: This measure would license and regulate marijuana production, distribution, and possession for persons over twenty-one; remove state-law criminal and civil penalties for activities that it authorizes; tax marijuana sales; and earmark marijuana-related revenues.
This measure would remove state-law prohibitions against producing, processing, and selling marijuana, subject to licensing and regulation by the liquor control board; allow limited possession of marijuana by persons aged twenty-one and over; and impose 25% excise taxes on wholesale and retail sales of marijuana, earmarking revenue for purposes that include substance-abuse prevention, research, education, and healthcare. Laws prohibiting driving under the influence would be amended to include maximum thresholds for THC blood concentration.