Proposed medical marijuana excise tax moves forward in California Assembly

By Adam Randall

A state Assembly Bill that could eventually impose a medical marijuana excise tax to collect an estimated $77 million annually moved forward Thursday.

AB 2243 by Assemblyman Jim Wood, D-Healdsburg, cleared the Assembly Revenue and Tax Committee without Republican support. It is expected to be heard next in the Assembly Appropriations Committee in the next two weeks.

If moved forward to Gov. Jerry Brown for final approval, Wood said AB 2243 would implement a $9.25 per ounce tax on cannabis flowers, a $2.75 per ounce tax on cannabis leaves and a $1.25 tax on immature cannabis plants from nurseries.

Read the full article in the Ukiah Daily Journal at:

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