LA Country Board of Supervisors Votes to Place Cannabis Business Tax on November Ballot
Submitted by Marijuana News on Thu, 07/14/2016 – 08:48
The Los Angeles County Board of Supervisors voted today to place a business tax on cannabis on the November 2016 ballot.
Today’s vote follows intense lobbying by a broad coalition including the California Cannabis Industry Association (CCIA), Drug Policy Alliance (DPA) and Angeles Emeralds and comes just two weeks after the Board voted to extend the County’s existing ban on cannabis cultivation and dispensaries for one full year. If approved by the voters, revenues would be used to support homeless services in Los Angeles County.
Over 100 groups and individuals attended today’s Board Chamber to voice their support for the proposal, including representatives from CCIA.
Today’s action proved that the Board of Supervisors are ready to explore a new path – a path to taxation and regulation of cannabis. With Proposition 64 headed to the November ballot, the Board has signaled that they believe the adult use measure is likely to pass and that it’s time for the county to build a foundation that permits cannabis businesses to legally operate in the county. But, more work needs to be done. The Board must still vote to lift the ban on cultivation and dispensary operations and the voters must still approve the tax measure, which would take effect in January 2018.
CCIA, DPA and Angeles Emeralds will continue to work with the Board to develop a reasonable taxation proposal and create a sensible, local regulatory structure that permits cannabis businesses to operate in a manner that protects the overall public health, safety and general welfare of the community.