How the Medical Marijuana Industry Could Help L.A.'s Homeless Population
The population has increased by 12% in two years.
Los Angeles is considering different funding sources to reduce the city’s rate of homelessness.
Last month city officials approved a $2 billion housing project—to be completed over the next ten years—that would provide residents with affordable housing units and support services. Southern California Public Radio reports that one of the proposals the city is considering is a medical marijuana tax. If approved, the city would implement a 15% tax rate on cultivation and sale of medical marijuana.
Officials have estimated that a medical marijuana tax alone could bring in close to $17 million each year. That amount wouldn’t even come close to covering the $2 billion total in the next decade, but it could substantially increase if California votes to legalize recreational marijuana this year. The city council will decide on the proposal by July and, if it’s approved, voters...
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