San Jose nets $290K in first dispensary tax report

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May 152011
 

For the last couple of years, medical marijuana has been a booming business in San Jose, but now it’s also a promising new source of tax revenue, according to new figures released by the city’s finance department. San Jose officials say the city’s medical marijuana collectives paid $290,000 in the first month the city levied a 7 percent tax on businesses selling the drug, John Woolfolk reports in the San Jose Mercury Register. Councilman Pierluigi [read more …]