How much does a new tax on medical marijuana cost California? June 16, 2021 June 16, 2021 admin

The California Senate approved a measure Thursday that would tax the sale of medical marijuana by a 10 percent tax on commercial sales, with the revenue from that tax going toward health care services for low-income patients.

The measure passed with bipartisan support in the Senate Finance Committee.

It passed the Assembly on a party-line vote of 50-48.

The bill also repeals the state’s 10 percent sales tax on recreational marijuana sales.

That tax was imposed by the Republican-led Legislature in 2014 to cover the cost of the program.