News » California BOE Prepares Marijuana Tax Stamps, Just In Case





The California Board of Equalization has convened a task force to research and find options for taxing recreational marijuana should Proposition 19 pass. The state could see a windfall of $1 billion in sales tax revenues, according to some sources, and is preparing to be in position to do just that.

Current polls in California put the measure at a coin toss and the BOE wants to be prepared should the measure pass and marijuana become legalized. Any income from marijuana would be welcome in the purple train wreck that is California’s budget (estimated at $20 billion in the red).

The BOE task force has visited several Oakland dispensaries to gather information about sales.

[source East Bay Express]

Tags: California, legalization, tax stamp