Los Angeles Council Puts Marijuana Tax Before Voters in March

Tuesday, 16 Nov 2010 07:46 PM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink

Nov. 16 (Bloomberg) -- The City Council in Los Angeles, America’s second-largest metropolis, agreed to ask voters to slap a 5 percent tax on medical marijuana next year.

If passed, the measure on the March 8 municipal ballot may raise as much as $7 million a year for the city, according to Courtney Chesla, a spokeswoman for Janice Hahn, the council member who sponsored the resolution, which passed 10-4 today.

“We’re in desperate need of revenue and we shouldn’t miss this opportunity,” Paul Koretz, another council member, said before the vote. The tax would be applied to reimbursements received by dispensaries of the drug.

Los Angeles, which closed a $492 million budget deficit for the fiscal year that began July 1, joins other California cities including Long Beach and Berkeley in pursuing pot taxes. Use of marijuana for medicinal purposes was passed by California voters in 1996.

--Editors: Ted Bunker, Mark Tannenbaum.

To contact the reporters on this story: Christopher Palmeri in Los Angeles at cpalmeri1@bloomberg.net.

To contact the editor responsible for this story: Mark Tannenbaum at mtannen@bloomberg.net

© Copyright 2014 Bloomberg News. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Fresno School Slammed for Hiring White Teacher for Cultural Studies

Tuesday, 29 Jul 2014 16:25 PM

A flap over whether a white teacher should lead a class on African-American, Latino, and Southeast Asian cultural studie . . .

Fla. State Senator: Make Students See Movie 'America'

Tuesday, 29 Jul 2014 16:18 PM

Florida state Sen. Alan Hays wants students in the Sunshine State to learn real U.S. history, he tells Newsmax TV. . . .

California Insurance Rates Soar Up to 88% After Obamacare

Tuesday, 29 Jul 2014 15:48 PM

Health-care insurance premiums for individuals in California rose between 22 percent and 88 percent in 2014 from last ye . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved