Perspective
Nov. 11, 2014
Smoke, mirrors and marijuana taxes
It sounds like an easy way to fill budget holes: let a few medical marijuana dispensaries open to serve the over 1 million active users in California, and rake in the tax money. But it's not that simple. By Deborah M. Rosenthal
It sounds like an easy way to fill budget holes: let a few medical marijuana dispensaries open to serve the over 1 million active users in California, and rake in the tax money. But it's not that simple. There are some pesky collection issues in taxing a largely cash business, and spending the proceeds is more complicated than most cities might think. Plus the small matter that marijuana, though legally available in more than 25 states...
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