http://www.scpr.org/blogs/politics/2014/03/05/15995/los-angeles-faces-financial-shortfall-heading-into// There is apparently a $242 million shortfall heading into fiscal year 2014-15 according to the City of Los Angeles’ top budget official. The City of Los Angeles imposes a 5% tax on medical marijuana sales. Colorado is projecting $134 million in taxes from recreational and medical marijuana in the next fiscal year. That number admittedly is based on higher…
Marijuana Tax Could Cure What Ails Los Angeles Budget Shortfalls
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