Thursday, May 6, 2010

California To Collect $100 million in Cannabis Taxes This Year

Legalization Nation

While the State of California begins to debate the consequences of taxing and regulating cannabis for personal use, it's important to note the state is already taxing and regulating the agricultural product used by 2.9 million Californians monthly.

California Board of Equalization official Anita Gore told the Express this week that the board estimates it collects anywhere from $50 million to more than $100 million in sales taxes per year from medical cannabis dispensaries.

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