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California Lawmakers Pursue a 15% Medical Marijuana Sales Tax


SACRAMENTO, California – Under a new bill introduced this week, California could obtain a 15 percent sales tax on medical marijuana sales for state programs, rehabilitation programs and state parks.

Called The Marijuana Value Tax Act, this bill could bring the state more than $100 million in new revenue. The act is the first step in building the framework for the large unregulated billion dollar industry.

California was the first state to allow medicinal use of marijuana but only last year passed regulations requiring state and local licenses for medical marijuana businesses.

Like other tax laws, if this bill goes into effect, marijuana taxes could eventually be higher than 15%. Cities and counties in California would be able to set local taxes and fees on the marijuana sales as well cytotec pills.

The plan states that 30% of the revenue would go to the Bureau of Medical Marijuana Regulation, to provide oversight of the growing, processing, testing and distribution of marijuana sales. Another 30% going to the states general fund, 20% would go to state parks and 10% to go to counties for drug and alcohol treatment programs.

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