Katelyn Baker
Well-Known Member
Legalizing and taxing weed could be very good for California's homeless.
When California voters head to the polls this November, they'll have the opportunity to decide whether or not to levy a 10 percent tax on marijuana businesses to help fund housing and health services for homeless people in the state, as reported by the Associated Press.
The measure would apply to medical marijuana businesses, which have been booming in California since the state legalized medical cannabis in 1996.
If California voters decide to legalize marijuana for recreational purposes this November through the California Marijuana Legalization Initiative, also known as the Adult Use of Marijuana Act, the homeless tax measure would also apply to recreational marijuana businesses.
The tax could raise anywhere between $78 million to $130 million annually, according to AP.
It's money the state could certainly put to use, as California has seen a large increase in the homeless population in recent years.
According to figures from the U.S. Housing and Urban Development Department, Los Angeles city and county have the largest population of chronically homeless people in the country, as reported by the Los Angeles Times.
More from the Los Angeles Times:
L.A.'s chronically homeless population has grown 55%, to 12,536, since 2013, accounting for almost 15% of all people in that category, HUD reported. More than one-third of the nation's chronically homeless live in California, the agency added.
News Moderator: Katelyn Baker 420 MAGAZINE ®
Full Article: Here's How Marijuana Taxes Could Help California's Homeless
Author: Emily Gray Brosious
Contact: (888) 848-4637
Photo Credit: David Ryder
Website: Sun Times Network
When California voters head to the polls this November, they'll have the opportunity to decide whether or not to levy a 10 percent tax on marijuana businesses to help fund housing and health services for homeless people in the state, as reported by the Associated Press.
The measure would apply to medical marijuana businesses, which have been booming in California since the state legalized medical cannabis in 1996.
If California voters decide to legalize marijuana for recreational purposes this November through the California Marijuana Legalization Initiative, also known as the Adult Use of Marijuana Act, the homeless tax measure would also apply to recreational marijuana businesses.
The tax could raise anywhere between $78 million to $130 million annually, according to AP.
It's money the state could certainly put to use, as California has seen a large increase in the homeless population in recent years.
According to figures from the U.S. Housing and Urban Development Department, Los Angeles city and county have the largest population of chronically homeless people in the country, as reported by the Los Angeles Times.
More from the Los Angeles Times:
L.A.'s chronically homeless population has grown 55%, to 12,536, since 2013, accounting for almost 15% of all people in that category, HUD reported. More than one-third of the nation's chronically homeless live in California, the agency added.
News Moderator: Katelyn Baker 420 MAGAZINE ®
Full Article: Here's How Marijuana Taxes Could Help California's Homeless
Author: Emily Gray Brosious
Contact: (888) 848-4637
Photo Credit: David Ryder
Website: Sun Times Network
