Search Results: tax/ (5)

It received the British equivalent of bipartisan support. 

Here’s your daily round-up of pot-news, excerpted from the newsletter WeedWeek. Download WeedWeek’s free 2016 election guide here.

In the U.K., a group representing MPs and Peers from concluded that banning MED is “ irrational.” It is being touted as a major step towards legalization.

Cannabis is an issue in Berlin’s upcoming election.

Vermont’s legislature is revisiting REC after failing to pass it last year. Arkansas Gov. and former DEA chief Asa Hutchinson (R) criticized supporters of the state’s upcoming MED votes for misleading the public about the plant’s medical benefits.

The Marijuana Project

By John Novak
The Washington State Office of Financial Management has finally released its much anticipated report on the marijuana “legalization” initiative, I-502. (See link to the report at the end of this article)
While it claims that the state could see a financial windfall in the billions from the taxation and regulation of cannabis, it also warns of some very serious consequences and the possibility of zero revenue.
Steve Sarich, a well known Seattle area medical marijuana personality and anti-I-502 activist, sued the Office last month, stating the early numbers being used “are so far off it’s incredulous.”
He and the other activists that joined the lawsuit demanding a new report that included all the risks, including possible results from federal lawsuits.

Photo: The Sacramento Bee
Medical marijuana entrepreneur Stephen Gasparas operates a Redding warehouse where he grows medical marijuana for patients.

​Redding won’t be joining a growing group of California cities looking to fix budget deficits by taxing medical marijuana.

A City Council majority on Tuesday evening strongly rejected the idea of taxing the city’s 19 medical cannabis dispensaries, reports Scott Mobley at The Redding Record Searchlight.
“There are people who abuse it (medical marijuana), and people who don’t, and that is the people (this tax) would impact,” said council member Dick Dickerson, who, along with Mary Stegall, strongly opposed the concept of taxing medicinal cannabis.


​Long Beach is joining other California cities which are looking at taxing marijuana to boost cash-starved city coffers.

The City Council on Tuesday, July 6, will consider a proposal to put a measure on November’s ballot that would levy a 5 percent tax on medical marijuana dispensaries.
Another tax, of up to 10 percent, would only go into effect if California voters also pass Proposition 19, which would legalize and regulate marijuana for recreational use, and allow its taxation, reports Tony Barboza at the Los Angeles Times.