The City of Oakland has done this and raised over a million dollars last year and the best part of it is that nobody seems to object either and will gladly pay the taxes. This hedges on proposal 19 to be ready in case legalization takes place. BD
Long Beach is looking to join a handful of California cities seeking to boost city funds by taxing medical marijuana.
The City Council on Tuesday will consider a proposal to place a measure on the November ballot that would place a 5% tax on medical marijuana purchased in city collectives. There would also be an additional tax of up to 10% on other marijuana businesses if California voters pass Proposition 19.
Long Beach's proposal also calls for taxing medical marijuana cultivation sites at .0075 cents per square foot.
With the city facing an $18.5-million budget deficit the tax would be a welcome boost to the strapped city.
Long Beach looking to cash in on medical marijuana | Comments Blog | Los Angeles Times
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