CA : Cannabis Tax Increase

**allenlovesgreen** · 03-31-2009, 01:04 AM

Cannabis Tax Increase Could Bring ‘Couple Million’ In Revenue
3/30/09|San Francisco Business Times| By Vasanth Sridharan

Oakland city councilwoman Rebecca Kaplan said that the proposed tax rate increase for medical cannabis could bring in “a couple million” in revenue to the city — far more than the $200,000 to $400,000 that was cited in the agenda report.

Kaplan, an at-large councilwoman and one of three co-sponsors of the proposal, said the agenda report used 2007 numbers from the four licensed medical cannabis dispensaries in Oakland as a basis for its estimates. But since then a few things have changed -- the dispensaries say that business grew substantially in 2008, and three weeks ago, U.S. Attorney General Eric Holder said that the federal government would not prosecute medical marijuana dispensaries or users, as long as state laws allowed for use of the drug. Since then, applications for cannabis ID cards have skyrocketed, Kaplan said.

The current proposal would raise the business tax rate to either $12 or $24 per $1,000 in gross receipts. The current rate is $1.20, and $24 is the maximum business tax rate allowed under Oakland law. The city council will consider the proposal at its April 7 meeting, and if it passes — which Kaplan thinks likely — it will go on the ballot either in November or in an earlier special election.

Kaplan said that the potential for revenue is even greater if the council decides to tax marijuana growers as well. Now, only the dispensaries are taxed.

Xiaojing Wang, policy analyst in District 3 Councilwoman Nancy Nadel’s office, said that they would be putting out a new agenda report this Friday with an updated revenue estimate. Nadel and Jean Quan (district 4), are the other two co-sponsors.

El Magico · 03-31-2009, 01:36 AM

Sounds like a pretty sweet deal to me.

I think growers should be taxed the same, if we are taxing based on sales.

$24 per $1000 gross is a very low rate when considering the overhead involved.

Now, I'm not sure who's charging what, to whom, for what.

So, someone will probably feel they are getting screwed, and I'm betting it's the consumer.

I know most people I know, feel bud is way too expensive, but at least this way some of your money wouldn't be spent on 24" rims, and car stereos.

Whatever, the growing season is here.

Molasses · 03-31-2009, 08:11 PM

Quote:

Originally Posted by El Magico

I know most people I know, feel bud is way too expensive, but at least this way some of your money wouldn't be spent on 24" rims, and car stereos.

That doesn't make any sense at all... That's like saying if you lost $10000 at least it wouldn't be spent on something else... What?

cj117 · 03-31-2009, 02:41 AM

We gotta see this through, go donate to Norml! =D

SleepyJohn · 03-31-2009, 02:49 AM

What could this do to Medical Insurance? Besides that what about the $24/$1,000 highest Legal rate? Who cares? Those on Disability,Medicare, Medical,Insurance will have to stay poor. In any case, there's no price on Not going to jail,having a permanent record,and being good for the cause. If there's taxation there's representation, That Will fund the cause.

TheQuestionMark · 03-31-2009, 06:29 AM

they said it would go to ballot in November or earlier. If that means the citizens of California are going to be allowed to vote on this, I dont think it would get passed. but i could be wrong

Victor_vicious · 03-31-2009, 12:27 PM

Read the article, its a bill for a city. VV

mud_head · 04-01-2009, 03:46 AM

crappy rims and too loud stereos(that force you to listen to the lamewad who owns the rims' crappy music)

04-02-2009, 08:03 AM

I hate to see medical marijuana taxed- I wouldn't want to see any medicines taxed, after the producing company's profit based taxes, of course-

Which also lands on the patient.

But-

There's always a but.

Have you ever seen government vote to stop up the flow of taxes? Once they start making money on a thing, whether it's dog licenses or medical marijuana- it's in like flynn.

Politicians, of all stripe, love having money to spend.

I'll give this a good news rating.

Ianfagerstrom · 04-02-2009, 05:37 PM

Great point KWhite.

And think about this, how many times in history have millions of people begged for taxation? We know it's common sense, they know it's common sense. Tides are turning, and people are starting to wake up to the issue like never before.

03-31-2009, 01:04 AM	#1
allenlovesgreen absent. Tournaments Won: 3 Join Date: Jun 2008 Posts: 2,147 Grams: 34,309.21 Thanks: 953 Thanked 1,644 Times in 744 Posts Stock Portfolio Total Value: 0.000 Gain/Loss: 0.000%	CA : Cannabis Tax Increase Cannabis Tax Increase Could Bring ‘Couple Million’ In Revenue 3/30/09\|San Francisco Business Times\| By Vasanth Sridharan Oakland city councilwoman Rebecca Kaplan said that the proposed tax rate increase for medical cannabis could bring in “a couple million” in revenue to the city — far more than the $200,000 to $400,000 that was cited in the agenda report. Kaplan, an at-large councilwoman and one of three co-sponsors of the proposal, said the agenda report used 2007 numbers from the four licensed medical cannabis dispensaries in Oakland as a basis for its estimates. But since then a few things have changed -- the dispensaries say that business grew substantially in 2008, and three weeks ago, U.S. Attorney General Eric Holder said that the federal government would not prosecute medical marijuana dispensaries or users, as long as state laws allowed for use of the drug. Since then, applications for cannabis ID cards have skyrocketed, Kaplan said. The current proposal would raise the business tax rate to either $12 or $24 per $1,000 in gross receipts. The current rate is $1.20, and $24 is the maximum business tax rate allowed under Oakland law. The city council will consider the proposal at its April 7 meeting, and if it passes — which Kaplan thinks likely — it will go on the ballot either in November or in an earlier special election. Kaplan said that the potential for revenue is even greater if the council decides to tax marijuana growers as well. Now, only the dispensaries are taxed. Xiaojing Wang, policy analyst in District 3 Councilwoman Nancy Nadel’s office, said that they would be putting out a new agenda report this Friday with an updated revenue estimate. Nadel and Jean Quan (district 4), are the other two co-sponsors.

03-31-2009, 01:36 AM	#2
El Magico Jr. Member Join Date: Feb 2009 Posts: 243 Grams: 3,392.82 Thanks: 228 Thanked 87 Times in 58 Posts Stock Portfolio Total Value: 0.000 Gain/Loss: 0.000%	Awesome? Sounds like a pretty sweet deal to me. I think growers should be taxed the same, if we are taxing based on sales. $24 per $1000 gross is a very low rate when considering the overhead involved. Now, I'm not sure who's charging what, to whom, for what. So, someone will probably feel they are getting screwed, and I'm betting it's the consumer. I know most people I know, feel bud is way too expensive, but at least this way some of your money wouldn't be spent on 24" rims, and car stereos. Whatever, the growing season is here. __________________ [YOUR ACTIONS] - ([THOUGHT] + [RATIONALITY]) = [MY JOB SECURITY] Believe none of what you read, and half of what you see. If you get legal advice from Marijuana.com: Go to Jail. Do not pass Go. Do not collect $200. GO DIRECTLY TO JAIL.

03-31-2009, 02:41 AM	#4
cj117 Sr. Member Join Date: Oct 2007 Posts: 770 Grams: 11,428.92 Thanks: 162 Thanked 276 Times in 169 Posts Stock Portfolio Total Value: 0.000 Gain/Loss: 0.000%	We gotta see this through, go donate to Norml! =D __________________ You cannot comprehend the sheer size of the Universe. Do you know how many stars there are? More stars exist now than there have been human thoughts. All thoughts from the beginning of time and all that ever will be. Double that number. Now triple it.

03-31-2009, 06:29 AM	#6
TheQuestionMark Sr. Member Join Date: Nov 2008 Posts: 570 Grams: 5,177.75 Thanks: 164 Thanked 188 Times in 97 Posts Stock Portfolio Total Value: 0.000 Gain/Loss: 0.000%	they said it would go to ballot in November or earlier. If that means the citizens of California are going to be allowed to vote on this, I dont think it would get passed. but i could be wrong __________________ "I love you Mary Jane" -Spiderman

04-02-2009, 05:37 PM	#10
Ianfagerstrom Member Join Date: Nov 2008 Posts: 268 Grams: 4,054.04 Thanks: 429 Thanked 252 Times in 92 Posts Stock Portfolio Total Value: 0.000 Gain/Loss: 0.000%	Great point KWhite. And think about this, how many times in history have millions of people begged for taxation? We know it's common sense, they know it's common sense. Tides are turning, and people are starting to wake up to the issue like never before. __________________ Peace, why not?

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