California could see a $643-million marijuana tax haul in first full year of legalization, Gov. Jerry Brown says

Gov. Jerry Brown estimated Wednesday that the state will receive $643 million from excise taxes on marijuana during the first full year of legalization in California, much more than the cost to the state of issuing licenses and enforcing new rules. Continue reading “California could see a $643-million marijuana tax haul in first full year of legalization, Gov. Jerry Brown says”

Why a tax break for California medical marijuana patients may be short-lived

An early tax break for California medical marijuana patients may be short-lived, with state leaders rushing to reverse a recent ruling that could cost the state millions of dollars over the coming year.

“We are looking at a legislative fix but also have a request in to the Attorney General to give a more definitive ruling,” Fiona Ma, chairwoman of the Board of Equalization, said Friday. Continue reading “Why a tax break for California medical marijuana patients may be short-lived”