With support from Supervisor David Campos, CA Superior Court Judge James P. Gray, and SF Sheriff Mike Hennessey, Tom Ammiano held a frenzied press conference at the State Building this morning.

The topic at hand? Legalization of the kind bud.

The Marijuana Control Regulation and Education Act would, if somehow enacted, put a $50 per oz. tax on mary jane (i.e., sale, transportation, ingesting), allowed for folks aged 21 and over only (just like alcohol), and possibly help not only with the state's failing economy but the environment as well.

During this morning's press conference in San Francisco, Ammiano said, "California has the opportunity to be the first state in the nation to enact a smart, responsible public policy for the control and regulation of marijuana." This act could also have wildly beneficial effects on police enforcement's prioritization.

Pot, however, would still remain illegal under federal law.

Update: SF Weekly was there too. They tell us it wasn't "frenzied." Sorry. It was the pot paranoia talking.