Posts Tagged ounce

Legal Pot Would Bring in $1.4B for California

Posted by admin in Political News on July 16, 2009

A California bill to legalize marijuana like alcohol would generate $1.4 billion in revenue alone for the cash-strapped state, according to an official analysis released Wednesday. The State Board of Equalization estimates retail sales would bring $990 million from a $50-per-ounce fee and $392 million in sales taxes, plus add’l enforcement savings.

, , , , , , , , ,

No Comments

Calif tax officials: Legal pot would rake in $1.4B

Posted by admin in Political Opinion on July 15, 2009

SAN FRANCISCO (AP) – California tax officials say a state proposal to tax and regulate marijuana like alcohol would generate nearly $1.4 billion in revenue.

A State Board of Equalization report released Wednesday estimates marijuana retail sales would bring $990 million from a $50-per-ounce fee and $392 million in sales taxes.

, , , , , , , , , , , ,

No Comments

Rhode Island: Senate Commission To Study Marijuana

Posted by admin in Political News on July 6, 2009

Weeks after legalizing the sale of marijuana to sick people, lawmakers have voted to explore how much Rhode Island might collect in revenue if it were to make all sales of marijuana legal and impose a “sin tax” of $35 per ounce.

, , , ,

No Comments

Rhode Island Senate Launches Study on Legalizing Marijuana

Posted by admin in Political News on July 2, 2009

Weeks after legalizing the sale of marijuana to sick people, lawmakers have voted to explore how much Rhode Island might collect in revenue if it were to make all sales of marijuana legal and impose a “sin tax” of $35 per ounce.

, , , , , ,

No Comments

Marijuana activists push to legalize pot in California

Posted by admin in Political News on June 22, 2009

SAN FRANCISCO (AP) — Californians could legally possess up to one ounce of pot and cities could sell and tax the drug under an initiative marijuana advocates want to place on the state’s 2010 ballot.

, , , , , ,

No Comments