By Roberts, Chris SF Weekly, 18 Feb 2016 – California’s cannabis gold rush has at last reached the august halls of government. Noting that legal sales of medical cannabis exceed $1 billion annually, state Sen. Mike McGuire (D-Healdsburg) last week unveiled a proposal that would make California’s biggest cash crop one of the most heavily taxed commodities in the state. Under McGuire’s “Marijuana Value Tax Act,” a 15 percent tax would be slapped on medical cannabis at the point of sale. This would be added to taxes already paid on weed: state sales tax – 8.75 percent in San Francisco and 9.5 percent in Oakland – and any local taxes applied by local governments (which in Oakland is another 5 percent).
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