California may back new state debt with marijuana taxes if proposition 19 legalizing the drug passes, according Amy Resnick of Bond Buyer.
Resnick cites attendees at California Public Finances Conference who are suggesting the market would accept the plan, if it is legalized.
Cal. Public Finance Conf. attendees say if Prop.#19 passes, the market will accept bonds backed by marijuana taxes.
Add another reason to the growing list for California to pass Proposition 19.
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