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marijuana taxes

Taxes and Cannabis Sales   Every tax season you should get down on your knees and thank the god of cannabis for making state coffers so needy for money. Don’t fool yourself, tax revenues are what cannabis legalization is all about. That is precisely why you should pay very close attention to all the many rules regarding taxation for pot growers, weed distributors, and cannabis dispensaries.   If you are in California you should keep 
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SACRAMENTO – The California Senate is backing a 15 percent sales tax for medical marijuana. State officials estimate the bill approved Wednesday would raise about $250 million per year, much of it for state parks, drug treatment programs and the state general fund. Democratic Sen. Mike McGuire of Healdsburg says his bill will also generate money to help local governments manage marijuana-related problems. Senators approved SB987 on a 27-9 vote, sending it to the state 
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