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US: Cannabis tax clears first hurdle

Trinity Journal

Wednesday 27 Apr 2016



Assemblyman Jim Wood’s proposed marijuana excise tax AB 2243 was approved by the Assembly Revenue and Tax Committee last week 5-0 with Republicans not voting. The excise tax was originally proposed as part of Wood’s Marijuana Watershed Protection Act last year before ultimately being dropped as part of the agreement that ultimately led to the Medical Marijuana Regulation and Safety Act.

Wood said, “An excise tax will ensure the revenue stays in the communities where the cannabis is grown. Our goal is to create resources to manage the environmental and public safety problems we are battling.”

http://www.trinityjournal.com/news/marijuana/article_74903dc8-0c10-11e6-b41c-0f4b612d94d2.html

 

 

 

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