New Marijuana Law signed!

A new law makes possessing up to an ounce of marijuana in California no more serious than getting a speeding ticket — a development both sides battling over a marijuana legalization ballot measure hope to exploit with the vote just a month away.

The law signed late Thursday by Gov. Arnold Schwarzenegger reduces possession of an ounce or less of pot from a misdemeanor to an infraction with a maximum punishment of a $100 fine.

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