BY-NC-SA On Tuesday Oakland became the first city in the US to approve a tax increase on medical marijuana. In a mail-ballot 80 percent of the voters voted “yes” on measure F that will take affect on New Years Day. Cannabis businesses currently pay a tax of $1.20 for every $1000 in gross sale, with this new measure, the tax will increase to $18.
Oakland voters also approved Measures C, D, and H.
Measure C will provide funding for the Oakland Zoo and other top educational attractions like Oakland Museum and the Chabot Space & Science Center. (via Ballot Pedia)
Measure D will amend Measure 00—currently requires the city to set a side 1.5% of its annual income. By passing Measure D the city will be required to set a side 3% of their annual income for the next twelve years starting July 1, 2009. The income saved will go towards funding Kids First!—a fund that gives grants to organizations that provide children’s and youth services and programs.(via Smart Voter)
Measure H will ensure that property transfers through corporate mergers are taxable the same way as other property transfers in the city of Oakland.
Post new comment