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The Latest Solution to Your State’s Fiscal Troubles

spicoli.jpgCNN, who sometimes puts out pure and utter crap, has issued a 50-state ranking of potential tax revenues that could be earned if marijuana was legalized and taxed.
The ranking is based on “state-by-state marijuana consumption, from Jeffrey Miron (Harvard University, Department of Economics), Budgetary Implications of Marijuana Prohibition,” according to Paul Caron at TaxProf Blog. The total tax revenue projected by the study is $778 million.
Shockingly, California would benefit the most (especially since they won’t get additional money from Ahnuld), earning an estimated $105 million. A couple of notable states in the top twenty include Colorado and Oregon who both jumped considerably on the list as compared to where they rank in population. In other words, ganja use per capita is higher there (yes, that’s an intentional pun).
What the study fails to incorporate is the increase in sales tax revenues that would result from the surge in junk food and movie ticket sales. Despite this omission, the study demonstrates that all states would earn money that they would otherwise gone to some weird dude that only has black lights in his apartment.
Since this partial solution makes entirely too much sense, we expect the majority of states to continue to cut education and public service jobs to meet their budget goals.
Projected Revenues From Marijuana Tax [TaxProf Blog]

Stanford CFO to Plead Guilty After Pleading Not Guilty

This after speculation earlier about whether Davis would flip. Looks like he’s going to sing:

James Davis, the former chief financial officer of Stanford Financial Group and who is facing charges related to an alleged $7bn fraud at the group, intends to plead guilty to the three charges against him, his attorney told the Financial Times.
Attorney David Finn, who is representing only Mr Davis, told the FT there would likely be a “procedural not guilty plea” entered at his arraignment, but that his client would ultimately plead guilty to the charges against him “once all the details are worked out.” Mr Davis is due to appear in court in Houston on July 13.

You got that ticket to hell stamped, Stan?
Stanford CFO James Davis “intends to plead guilty”, laywer [sic] says [FT Alphaville]

Sometimes You Need Help Getting Your Game On Track

We’re going to talk about a serious topic people. Many of you have discovered tricks of the trade to hep you focus on work that functions better than any sleeping aid out there.

What it basically amounts to is your focus. Sometimes, just sometimes, you require a little help getting your concentration back on track. It can be anything really. For example, if your plans for meeting your less-overworked friends out for a cocktail are totally blown, you might eat five frozen entreés out of the fridge that aren’t yours to feel better and just get your ass in gear to make last call.

Some of you probably rely on less-proven methods but sometimes this is a mental challenge and you have to take the necessary steps to up your game.

Others of you may take advantage of the discounted, yet ever inflating soda prices in your office or at a client location combined with the Adderall that you swiped from your spastic roommate.

We’re pretty sure some of you have come up with your cocktail of methods that, somehow, allow you to do an insurmountable amount of work in a a freakishly short amount of time. Since time is money, your superiors probably have no problem with whatever approach you’ve discovered so share your favorite method of reigning in the focus in the comments. We’re not encouraging illegal behavior here, so keep it below the felony level.

UPDATE: On the advice of counsel and because we care about all of you (yes, all). If you or someone you know needs help, call 1-877-RxAbuse (1-877-792-2873).