The Long Beach City Council this week moved forward with a proposal to add a local tax to medical marijuana sales. The body voted 8-1 to hold a public hearing on whether the matter should be put before LBC voters in November.
The proposal would place a 5 percent tax on sales. The city Berkeley and Sacramento in considering such a tax in tough economic times. But ...
... As we reported Wednesday, if the state proposition (19) to fully legalize marijuana passes -- it will be on the same November ballot -- the price of weed will plummet by as much as 80 percent, according to a new RAND study.
If you like this story, consider signing up for our email newsletters.
SHOW ME HOW
And that means there would be less green coming into to cities like Long Beach.