BREAKING NEWS–Oakland Proposes Nation’s First Medical Cannabis Tax

080225-school-pot-hmed1phmediumOakland, 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.

One Response to “BREAKING NEWS–Oakland Proposes Nation’s First Medical Cannabis Tax”

  1. Gary

    I went to SAOD with this guy on my Bday in 05

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