"California may back new state debt with marijuana taxes if proposition 19 passes, which legalizes the drug, according to a Business Insider report, which cited Amy Resnick of Bond Buyer. Resnick cites those who attended the California Public Finances Conference who are suggesting the market would accept the plan if the proposition passes. She tweeted, ""Cal. Public Finance Conf. attendees say if Prop.#19 passes, the market will accept bonds backed by marijuana taxes."""

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