The Associated Press is reporting that California is contemplating legislation to tax and regulate marijuana like it does alcohol. San Francisco Democratic Assemblyman Tom Ammiano introduced the bill in February. The bill would allow adults to legally possess, grow and sell marijuana. Officials that are for the tax and legalization of marijuana, believe that it would generate nearly $1.4 billion in revenue. The California State Board of Equalization reported that marijuana retail sales would bring an estimated $990 million from a $50-per-ounce fee and $392 million in sales taxes. Ammiano has promoted the bill as a way to help bridge the state's $26.3 billion budget shortfall. As the bill is written, the state could not begin collecting taxes under the bill until the federal government legalizes marijuana. A spokesman says Ammiano plans to amend the bill to remove that stipulation.
The FDA recently voted in favor of pushing a new formulation of oxycodone hydrochloride for approval. The new OxyContin formula is more difficult to crush or dissolve which will hopefully make it harder to be used as a drug of abuse . The FDA recommended that Purdue Pharma's application for a new, resin-coated formulation should replace the original version, which has been on the market since 1996. Randall Flick, MD, an anesthesiologist at the Mayo Clinic who voted to recommend approval of the drug said, "Clearly the old formulation is worse than the new, although I think the difference is relatively small," Flick concluded, "Hardcore abusers are likely to devise new ways to break down the harder tablet or figure out which solvents will dissolve it fastest, within 'day or weeks' of the product's release on the market."