California Could Soon See A Huge Tax Increase on Medical Marijuana

More taxes may be soon be imposed on medical marijuana in California under two separate proposals that were approved by lawmakers last week, one in the Senate and one in the Assembly. Both bills will now be considered by members of the opposite chamber. Senate Bill 987 Imposes an Additional 15% Sales Tax Last week, lawmakers in the California Senate voted overwhelmingly to approve imposing a 15% sales tax on medical marijuana, passing the measure by a 27-10 vote on June 1. The bill, Senate Bill 987, now heads to the Assembly for consideration. In order to pass the Senate, lawmakers used creative wording to circumvent the state constitution, which requires all tax… Read More

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