Study Of Marijuana Tax Gets Support In California State Senate Committee
Los Angeles Times article on the California Senate studying a state marijuana tax
State lawmakers Wednesday took a step toward possibly licensing and taxing medical marijuana sales in California, despite objections that such sales are not sanctioned by federal law.
A bill that would have the state Board of Equalization study ways to tax and license the sale of medical marijuana was approved by the Senate Governance and Finance Committee on a 5-2 vote. Sen. Ron Calderon (D-Montebello), author of SB 626, said the cash-strapped state was missing out on potentially tens of millions of dollars from the sales.
\”There is a real revenue source here that we need to tap,\” Calderon told the committee, noting that California voters approved a ballot measure in 1996 allowing medical marijuana sales.
Sen. Doug La Malfa (R-Richvale) opposed the legislation, which next goes to a committee on financial issues for consideration. \”I can’t support something that in any way legitimizes this product,\” La Malfa said.