Sacramento and Berkeley voters will get to decide in November if they want to impose special business taxes on medical marijuana dispensaries.
City councils in both places approved the ballot measures Tuesday night.
Berkeley's measure would levy a 2.5-percent tax on medical marijuana sales and a 10-percent tax on sales to recreational users if voters pass a statewide proposition to legalize pot use by adults.
Sacramento's measure would create a 2-percent tax on medical marijuana sales and 5-percent one on other pot businesses if Proposition 19 passes.
San Jose's city council is scheduled to consider a similar ballot measure next month.
Last summer, Oakland became the nation's first city to tax dispensaries. The tax is expected to generate about $1.5 million this year.
NewsHawk: Ganjarden: 420 MAGAZINE
Source: BusinessWeek
Author: The Associated Press
Contact: BusinessWeek
Copyright: 2010 Bloomberg L.P
Website: Sacramento, Berkeley eye new taxes on pot clubs
City councils in both places approved the ballot measures Tuesday night.
Berkeley's measure would levy a 2.5-percent tax on medical marijuana sales and a 10-percent tax on sales to recreational users if voters pass a statewide proposition to legalize pot use by adults.
Sacramento's measure would create a 2-percent tax on medical marijuana sales and 5-percent one on other pot businesses if Proposition 19 passes.
San Jose's city council is scheduled to consider a similar ballot measure next month.
Last summer, Oakland became the nation's first city to tax dispensaries. The tax is expected to generate about $1.5 million this year.
NewsHawk: Ganjarden: 420 MAGAZINE
Source: BusinessWeek
Author: The Associated Press
Contact: BusinessWeek
Copyright: 2010 Bloomberg L.P
Website: Sacramento, Berkeley eye new taxes on pot clubs
