Oakland, CA Approves Landmark Medical Marijuana Tax

The voters of city of Oakland, CA, have approved the first tax on medical marijuana in the country. The city has four dispensaries that took in about $19.7 million in revenue in the last fiscal year.

While affecting only the city of Oakland, it is hoped that the new tax will could help legitimize medical marijuana; the entire state is also considering such a tax.

The measure will levy an $18 tax for every $1,000 in gross marijuana sales. Oakland firms in the city already pay a $1.20 business tax on each $1,000 in sales. Voters approved Measure F by a margin of 80%, according to preliminary results released by the Alameda County Registrar of Voters.

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