|Photo: Harborside Health Center|
|Steve DeAngelo’s Harborside Health Center, the biggest dispensary in the Bay Area, brought in about $20 million this year.|
City’s Medical Pot Sales Reach $35 Million In 2010
Most sectors of the economy are pretty grim right now, but that assessment doesn’t include the medical marijuana business in Oakland, California.
The city is projecting that Oakland’s three dispensaries will sell between $35 million and $38 million worth of cannabis this year, reports Zusha Elinson at The Bay Citizen. That means about three and a quarter tons of marijuana — 104,000 ounces, or 4.2 million joints.
The total has been getting higher and higher since Oakland started keeping track in 2004, when the dispensaries paid taxes on $4.2 million worth of sales. The figures are derived from the business tax paid to the city by dispensaries on their gross receipts.