From NORML: California: Oakland Voters Approve Nation̢۪s First Marijuana Business Tax | NORML Blog This is a great deal. I saw this on CNN last night, where the owner of a dispensary was interviewed and he projects that this tax is going to cost him anywhere from $300K to $400K annually, AND HE WAS HAPPY TO PAY IT! It's a great day when Cannabis can put some legit revenue into the hands of the government, which can be injected into making the community a better place to live, instead of the pharmaceuticals giving illegal campaign bribes to our representatives which only makes them richer. Again, Congratulations Oakland, CA!
Unfortunately, California needs a lot more money than that. I can see crap like this not living very long when the long awaited Federal "Bailout" comes in for Cally's over-spending government. In order for them to get the money, cuts will have to be made, and this crap is the first to go.
Maybe once other states/cities see how much tax revenue the marijuana tax is bringing in, they will follow suit and do the same.
almost everyday now, i see more and more news coverage on legalizing mj.....it will happen with in the next 5 years.
Congratulations does anybody else get annoyed that a fucking journalist doesn't know the definition of "presently"?
The coolest thing too: I think his name is Richard Lee who owns dispensaries and Oaksterdam U- he fully supports the higher taxation rate as the right thing to do. How many people cry about taxes, often times when they are the richest people? Shows he's in it for the good fight. Too bad our government is not.
this means its legal in okland? I got fam in okland but I never been there.... mayb its timeto visit them