Excise Tax

California: Excise Tax On Medical Marijuana Sales Proposed

February 11, 2016 blogger California, Excise Tax, Marijuana News, medical marijuana sales, Medicial Marijuana, Proposed, Stop Smoking Marijuana, Stop Smoking Pot

SACRAMENTO, Calif. (AP) — A state senator from Northern California has introduced a bill that would impose a 15 percent tax on retail sales of medical marijuana. Sen. Mike McGuire estimated that the excise tax he proposed Wednesday would bring the state over $100 million annually. The Healdsburg Democrat’s SB987 directs 30 percent of the […]

California, Excise Tax, Marijuana News, medical marijuana sales, Proposed