California NORML Opposes Medical-Only Marijuana Tax
A bill to impose a new 15% state excise tax on retail purchases of medical marijuana has been proposed in the California legislature (SB 987 by Sen. McGuire). The tax would be in addition to the current 7.5+% sales tax plus various local business taxes assessed by some localities.
“At this time when providers already face burdensome new costs under the Medical Marijuana Regulation and Safety Act (MMRSA), it is unwise and inappropriate to impose any new state tax on medical marijuana,” says California NORML director Dale Gieringer. Many patient advocates regard any taxes on medicine as unjust in principle.
The tax in SB 987 is modeled on a similar 15% tax that would be imposed on all marijuana purchases under the proposed AUMA (Adult Use of Marijuana Act) legalization initiative. “If AUMA passes, SB 897 is redundant and moot,” says Gieringer, “If not, it will only encourage marijuana suppliers...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
420 Intel is Your Source for Marijuana News
420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.
420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.
Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.
You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.