Legalizing marijuana is a hot topic in California. It's on an upcoming voter inititiative and has been called a "civil rights issue" by the CA NAACP. LINK
Just in time, there is a new Rand Corp. study on legalizing marijuana in CA. Unfortunately, as the report notes, it is difficult to draw firm conclusions about the effects of legalizaiiton. LINK
Finally, even if legalizied in CA, federal law which bans pot, generally prevails over state laws.
A few years ago, the Supreme Court found that federal law too precedence over CA's medical marijuana law. LINK
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