The Oregon secretary of state’s office completed the legalization trifecta this afternoon when they announced the Oregon Cannabis Tax Act of 2012 (OCTA) officially qualified for the November ballot. Oregon now joins Washington and Colorado on the list of states whose voters will have the opportunity to end cannabis prohibition this fall.

Supporters ended up turning in 88,887 valid signatures, slightly over 1,000 more than required for qualification. The initiative will appear on the Oregon ballot as “Measure 80.” According to the campaign, Measure 80 would “regulate cannabis (marijuana) for adults 21 years of age and older, with commercial sales only through state-licensed stores. Ninety percent of tax revenue, estimated at more than $140 million annually, would go to the state’s battered general fund. Seven percent of tax proceeds would go toward funding drug treatment programs, and much of the remaining revenue would be directed toward kickstarting and promoting Oregon’s hemp food, fiber and bio-fuel industries.”

A June 2012 survey from Public Policy Polling showed Oregonian’s were split on the issue. 43% responded that they believed marijuana should be made legal, 46% believed it should remain illegal, and 11% were undecided.

You can read more about Measure 80 at the campaign’s website or through their Facebook page. NORML will keep you updated as the campaign moves forward and expect more in-depth coverage on the initiative to follow shortly.

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