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Home 🌿 Marijuana Politics 🌿 California Draft linked to Sean Parker initiative calls for 15 percent pot tax 🌿California Draft linked to Sean Parker initiative calls for 15 percent pot tax
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The subscription service is currently unavailable. Please try again later.A proposed marijuana legalization initiative backed by former Facebook president and Napster co-founder Sean Parker could allow Californians 21-and-over to possess an ounce of pot and grow six marijuana plants while creating a regulated cannabis industry with a 15 percent tax on retail marijuana sales.
A 51-page October 14 draft on the much-awaited initiative, obtained by The Bee today, appears to build upon regulations signed by Gov. Jerry Brown this month to impose state oversight on California’s existing medical marijuana industry. The draft, connected with Parker’s name, has circulated as fine-tuning on the measure continues.
Jason Kinney, a spokesman for Parker’s group, declined to authenticate the draft.
“If this was ever our draft, it’s no longer operative,” he said in an email.
The proposed measure – called the Control, Regulate and Tax Marijuana Act – is viewed as the mostly likely to reach California’s November 2016 ballot because of the...
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