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LA Expects $50 Million in Local Recreational Marijuana Tax Collection
breitbart ^ | 09/16/2017 | Chriss W Street

Posted on 09/16/2017 10:55:56 AM PDT by DFG

Los Angeles is scrambling to make sure the City of Angeles soon starts collecting at least $50 million a year as the world’s top spot to buy recreational marijuana. The countdown clock is ticking down to January 2, 2018, when California joins Nevada, Colorado, Washington, Oregon, Massachusetts, Alaska and Washington DC as locations to legally buy marijuana for recreational use.

California state bureaucrats and politicians are almost giddy over the $1.8 billion in annual tax revenue that the New Frontier Financials expects the state will collect from its 15 percent excise and dry-weight taxes on “weed.”

But many of California’s 58 counties and 482 cities are also competing to cash in on the recreational marijuana bonanza by tacking on a local sin sales tax of up to 25 percent of purchase price. Cities including Tulare, Coalinga, Del Rey Oaks, and others have stated that they will use local marijuana tax collections to pay for rapidly increasing public pension contributions that are threatening their solvency.

(Excerpt) Read more at breitbart.com ...


TOPICS: News/Current Events; US: California
KEYWORDS: abuse; adiction; cannabis; drugabuse; hollywood; losangeles; loserangeles; marijuana; polpot; pot; potpushers; substanceabuse; weaklingsondrugs; wod
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To: HLPhat

Bank makes loan to hard money lender and HML makes marked-up loan to Mary Jane.

Someone will take the risk.


41 posted on 09/16/2017 12:58:58 PM PDT by ptsal ( Get your facts first, then you can distort them as you please. - M. Twain)
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To: JohnBrowdie
For safety issues alone, they should probably legalize pot and outlaw alcohol. It would save millions from pending widespread carnage. But since I'm really into freedom, I say keep both legal.

You on the other hand, I can see you at some homeowners association meeting wanting everyone to conform to whatever whim you pop up with..☺

42 posted on 09/16/2017 12:59:47 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: cabojoe
What exactly do you think is the "alcohol argument" I'm "pushing"?

Marijuana is less addictive than alcohol, just FYI.

When I asked the question, I hadn't yet said a word about addictiveness - so that couldn't have been what he meant.

43 posted on 09/16/2017 1:04:53 PM PDT by NobleFree ("law is often but the tyrant's will, and always so when it violates the right of an individual")
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To: antidemoncrat
Some folks smoke one cigarette and are hooked for life. Others smoke 2 or 3 packs a day for years and just drop them and never crave another. Same with booze and probably weed. We all might have a genetic predisposition that when it gets the right bait can hook us forever.

Genetics is undoubtedly a factor - but the fact is that of all those who have used marijuana, 9% have at some point been dependent, whereas the corresponding figure for alcohol is a substantially higher 15% (and 32% for tobacco).

44 posted on 09/16/2017 1:07:26 PM PDT by NobleFree ("law is often but the tyrant's will, and always so when it violates the right of an individual")
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To: cherry
yippee...yippee....we’re becoming the weed brains so many wanted for all these years...

You are?

45 posted on 09/16/2017 1:08:34 PM PDT by NobleFree ("law is often but the tyrant's will, and always so when it violates the right of an individual")
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To: ptsal

http://graphics8.nytimes.com/2010/07/10/business/complaint.pdf?mcubz=3

Risk?

Not much risk in the context of a “culture” of systemic corruption in which punishment consists of paying a fine with the money that was stolen


46 posted on 09/16/2017 1:13:00 PM PDT by HLPhat ("TO SECURE THESE RIGHTS" -- Government with any other purpose is not American.)
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To: al baby

“Pot Sales fill Pot Holes”


47 posted on 09/16/2017 1:41:57 PM PDT by USFRIENDINVICTORIA
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To: JohnBrowdie
The sedation of the lower orders begins. our brave new world has begun.

Nah, the soma-juana warriors (SJWs) are dainty, frail, and few. They weren't meant for this world and will soon pass.

48 posted on 09/16/2017 1:42:12 PM PDT by Vision Thing (You see the depths of our hearts, and You love us the same...)
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To: al baby

“You fill your bongs — we’ll fill your pot holes”


49 posted on 09/16/2017 1:46:21 PM PDT by USFRIENDINVICTORIA
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To: USFRIENDINVICTORIA

And they dumb down the already dumb shallow empty potholes who smoke that smelly assed plant! :)


50 posted on 09/16/2017 1:47:03 PM PDT by Vision Thing (You see the depths of our hearts, and You love us the same...)
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To: DFG

That’s it? 50 Mil? I wouldn’t brag about it in relation to the states obligations, seems like a fail.


51 posted on 09/16/2017 2:17:25 PM PDT by momincombatboots (White Stetsons up.. let's save our country!)
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To: NobleFree

the problem I see is what happened to Karen Quinlan in 1975 when she attended a party:
“She had eaten almost nothing for two days. At the party she reportedly drank a few gin and tonics and took Quaaludes. Shortly afterwards she felt faint and was quickly taken home and put to bed. When friends checked on her about 15 minutes later, they found she was not breathing.”
My point is when a person tries anything, cigs, booze, weed or any of the new designer drugs, you have no idea if one of your genetic time bombs might go off. Besides that, whenever they show videos of weed users in Colorado, I am not impressed.


52 posted on 09/16/2017 4:00:47 PM PDT by antidemoncrat
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To: dragnet2

what you can “see” is apparently a drug induced hallucination. but you’re right, we would definitely frown on druggies in my neighborhood. same to with thieves. same with drunks, for that matter. but the FR pot cult can’t tolerate dissent.

but what’s distressing is how little respect for the rule of law there is on a conservative forum.


53 posted on 09/16/2017 4:21:44 PM PDT by JohnBrowdie
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To: cherry

careful. the FR pot cult is out in full force in this thread. in fact, that’s probably why it was created; to pick a fight.


54 posted on 09/16/2017 4:23:56 PM PDT by JohnBrowdie
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To: JohnBrowdie
I don't like controlling people. Like you for example. I'd say the same to some AH who wanted to make beer illegal like they've done before in history, and I don't even drink beer.☺

I watched people get thrown in cages for decades over pot. Few things in history have been as wasteful, costly, damaging and absurd as their BS WOD. My position is if someone has an issue with drugs or alcohol, give them some help if they want it. If they don't and they wind up hurting/harming someone else, they're are laws/consequences in place that cover that too.

55 posted on 09/16/2017 4:33:20 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: dragnet2

your position is circular and ultimately irresponsible. we don’t pass laws based on what some confused guy with a quirky use of a smiley thinks he saw for decades — cages nowithstanding.

perhaps if you go tear down the stop signs in your neighborhood, you’ll feel better.


56 posted on 09/16/2017 4:40:52 PM PDT by JohnBrowdie
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To: JohnBrowdie

Stop signs have zip to do with this junior. Your memory seems to wander. Try and stay on track.


57 posted on 09/16/2017 4:43:47 PM PDT by dragnet2 (Diversion and evasion are tools of deceit)
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To: JohnBrowdie

Like the 10th Amendment?


58 posted on 09/17/2017 1:00:07 PM PDT by gundog (Hail to the Chief, bitches.)
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