Tag Archives: California Board of Equalization

California Could See $1 Billion in Tax Revenue From Legal Marijuana

California Could See $1 Billion in Tax Revenue From Legal Marijuana

California Could See $1 Billion in Tax Revenue From Legal Marijuana

In California, analysts are saying the state could see $1 billion in tax revenue from marijuana when a new legalization law becomes effective in 2018, according to an article in the International Business Times. The recently approved Proposition 64 prescribes a 15 percent excise tax on adult-use and medical marijuana.


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