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California's Historic Budget Surplus: Is It $76 Billion or $38 Billion?

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Gov. Gavin Newsom at a press conference in Oakland on May 10, 2021, as Oakland Libby Schaaf looks on.
(Justin Sullivan/Getty Images)
Last week, Gov. Gavin Newsom embarked on a week-long parade of good news, budget-related press conferences across California, imparting a grand proclamation.
I m about to make an announcement no other governor in California history has ever made and I would argue no governor in American history has ever made, Newsom said at a stop in Oakland last Monday. Today we re announcing a $75.7 billion budget surplus.
Any money that is constitutionally required to be spent on a specific purpose, we don t include that as part of the surplus. And it looks like the administration in this case did. ....

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Cannabis Legalization Debate Turns to Questions of Pot Potency

Cannabis Legalization Debate Turns to Questions of Pot Potency
As marijuana legalization spreads across U.S. states, so does a debate over whether to set pot policy by potency.
Under a law signed last month, New York will tax recreational marijuana based on its amount of THC, the main intoxicating chemical in cannabis. Illinois imposed a potency-related tax when recreational pot sales began last year. Vermont is limiting THC content when its legal market opens as soon as next year, and limits or taxes have been broached in some other states and the U.S. Senate’s drug-control caucus.
Supporters say such measures will protect public health by roping off, or at least discouraging, what they view as dangerously concentrated cannabis. ....

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Debate Swirls Over Setting Marijuana Policy by Potency of Pot

Debate Swirls Over Setting Marijuana Policy by Potency of Pot
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Should States Set Pot Policy By Its Potency? Some Say Yes | News, Sports, Jobs

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The THC percentages of recreational marijana are visible on the product packaging sitting on a countertop, Monday, April 19, 2021, in Mamaroneck, N.Y. A debate about whether to set marijuana policy based on potency is spreading as more states legalize cannabis. Under a law signed last month, New York will tax recreational marijuana based on its amount of THC, the main intoxicating chemical in cannabis. (AP Photo/Julie Jacobson)
NEW YORK (AP) As marijuana legalization spreads across U.S. states, so does a debate over whether to set pot policy by potency.
Under a law signed last month, New York will tax recreational marijuana based on its amount of THC, the main intoxicating chemical in cannabis. Illinois imposed a potency-related tax when recreational pot sales began last year. Vermont is limiting THC content when its legal market opens as soon as next year, and limits or taxes have been broached in some other states and the U.S. Senate’ ....

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Should states set pot policy by its potency? Some say yes

Should states set pot policy by its potency? Some say yes
by Jennifer Peltz, The Associated Press
Posted Apr 20, 2021 1:02 am EDT
Last Updated Apr 20, 2021 at 1:14 am EDT
The THC percentages of recreational marijana are visible on the product packaging sitting on a countertop, Monday, April 19, 2021, in Mamaroneck, N.Y. A debate about whether to set marijuana policy based on potency is spreading as more states legalize cannabis. Under a law signed last month, New York will tax recreational marijuana based on its amount of THC, the main intoxicating chemical in cannabis. (AP Photo/Julie Jacobson)
NEW YORK As marijuana legalization spreads across U.S. states, so does a debate over whether to set pot policy by potency. ....

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