I voted for this measure, and it passed. Widely. I'm interested in your take. It's a voluntary, consumption-based tax, and by having the city rely to some degree on weed tax revenues, it legitimizes a recreational compound that, like booze or cigarettes, people should be able to choose whether or not to enjoy.
Note that a shift toward a simpler consumption-based tax system is one that many fiscal conservatives (including Bruce Bartlett) are incrasingly advocating for. This could be a big win for Republicans, and Democrats wouldn't dare be seen resisting it.
And in other news separating the fiscal conservatives and libertarians from the social conservatives who lost the 2008 election, look who's come out against Ms. Palin's circus. The same guy I wrote about in my last post.