To effectively capitalize on cannabis applicants interested in opening one of the massive grows need to pony up $5,000 just to get the ball rolling as the city is charging for “administrative costs”. Applicants will also need to show they’ve got $3M worth of insurance and will also have to fork over an annual permit fee of $211,000.
On top of the administrative costs and fees and shit, Oakland California looks to reap the tax revenue from growing and selling weed in a post Legalization era by planning on raising its current 1.8% weed tax to as much as 12%. The four current dispensaries in Oakland generate $28 million worth of revenue a year and tax from all that cash already finds its way into city coffers.
“Government should not choose the winners and losers but create a level playing field,” says our friend Steve DeAngelo of Oakland’s Harboside Health Center, the largest medical marijuana dispensary in the world. “Some people might prefer mass production, assembly-line cannabis that costs less. Others might prefer cannabis grown by a master gardener in a smaller plot. Let the market sort it out.”
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