Medical Marijuana Will Now Be Taxed in Oakland
This week, a measure to tax medical marijuana in Oakland passed by a landslide: Eighty percent of participants in the special mail-in election voted to impose a 1.8% gross receipts tax on the city’s four licensed medical marijuana dispensaries.
Supporters of this new law hope that a tax on medical marijuana in Oakland will contribute to the state’s economic recovery. For every $1,000 in marijuana sales the facilities earn, they will have to pay about $18 in taxes.
The Medical Marijuana Program in California allows qualified patients, with a doctor’s recommendation, to apply for a state license to grow and possess small amounts of marijuana for medical purposes. To date, more than 32,000 licenses for the medical marijuana program in California have been issued to patients.
