We did it! Oakland residents voted Tuesday and overwhelmingly approved a first-of-its kind tax on…
Oakland, California could be the first city in the nation to tax medical marijuana. Oakland’s city council has just approved a provision to apply a 1.8% tax to all cannabis sold at marijuana dispensaries. It’s alleged that taxing the weed will create a revenue stream for Oakland anywhere between $400K and $1m.
Dispensary owners in Oakland’s Oaksterdam district, who came up with the tax idea themselves, couldn’t be more stoked. “We wanted to further legitimize the medical-marijuana paradigm to show that we are truly willing to assist Oakland, and to show other cities that there are social benefits to this,” said one.
Marijuana taxes can provide several benefits to the communities and states that implement them. Some of the ways that we can benefit from marijuana taxes include:
It’s worth noting that the specific ways in which marijuana taxes are allocated can vary significantly from state to state. However, in general, marijuana taxes can provide significant benefits to the communities and states that implement them, and can help to support a thriving and responsible legal cannabis industry.
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I went to SAOD with this guy on my Bday in 05