Via NORML:

The Oregon secretary of state’s office completed the legalization trifecta this afternoon when they announced the Oregon Cannabis Tax Act of 2012 (OCTA) officially qualified for the November ballot. Oregon now joins Washington and Colorado on the list of states whose voters will have the opportunity to end cannabis prohibition this fall.

Supporters ended up turning in 88,887 valid signatures, slightly over 1,000 more than required for qualification. The initiative will appear on the Oregon ballot as “Measure 80.” According to the campaign, Measure 80 would “regulate cannabis (marijuana) for adults 21 years of age and older, with commercial sales only through state-licensed stores. Ninety percent of tax revenue, estimated at more than $140 million annually, would go to the state’s battered general fund. Seven percent of tax proceeds would go toward funding drug treatment programs, and much of the remaining revenue would be directed toward kickstarting and promoting Oregon’s hemp food, fiber and bio-fuel industries.” Read more at NORML.org.