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Jan 5, 2007
http://stopthedrugwar.org/chronicle/467/california_medical_marijuana_could_increase_tax_revenues

Medical marijuana is a billion dollar a year business in California, according to a new report, and the state's bottom line could improve dramatically if it were taxed like other herbal medicines. The report, "Revenue and Taxes from Oakland's Cannabis Economy," was prepared for that city's Measure Z Oversight Committee by California NORML head Dale Gieringer and and Oakland Civil Liberties Alliance board member Richard Lee.

While the report focused on Oakland, which has seen medical marijuana revenues and the taxes derived from them decline dramatically since the city tightened regulations on dispensaries in recent years, it also looked at state and federal data to attempt to draw a state-wide picture of the size of the therapeutic cannabis industry. According to the data, the state's medical marijuana patients are currently consuming somewhere between $870 million and $2 billion worth of weed a year. That would translate to somewhere between $70 million and $120 million in state sales tax revenues, the authors estimated.

But currently, the state treasury is receiving nowhere near that because many dispensaries do not pay sales taxes or keep financial records that could be used against them in a federal investigation. Other dispensaries and patient groups argue that nonprofit collectives and co-ops should be exempt from taxes.

The study estimated the number of California medical marijuana patients at between 150,000 and 350,000. There is no firm figure, because unlike many other medical marijuana states, there is no comprehensive, statewide registry of patients. Those patients each smoke about a pound of pot a year.

Medical marijuana patients account for about 10% of California marijuana users, the study found, suggesting that tax revenues from a legal recreational marijuana market would skyrocket into the low billions of dollars each year. The state is currently spending about $160 million a year to arrest, prosecute, and imprison marijuana offenders, and not collecting any tax revenue from recreational sales.

State officials have a fiduciary responsibility to the citizens they represent. This report makes clear just how miserably California officials are shirking that responsibility.

Drug War Issues: Medical Marijuana - Budgets/Economics
Politics & Advocacy: State & Local Government


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Posted: Jan 5, 2007 5:37pm

 

 
 
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