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Yolo County in California Readies New Medical Marijuana Tax For June Ballot | Cannabis Business Times

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Yolo County in California Readies New Medical Marijuana Tax For June Ballot

The proposal would put a 4 percent tax on the gross receipts of marijuana grown in the county.

California

Yolo County supervisors voted Tuesday to put a proposed medical marijuana tax on the June 5 ballot, indicating support from board members who previously were at odds with the cannabis industry.

The proposal would put a 4 percent tax on the gross receipts of marijuana grown in the county and sold to manufacturers and dispensaries. That tax eventually would increase to five percent. A 5 percent tax also would be placed on cannabis products manufactured in the county.

Cultivation is the primary cannabis business in Yolo County, which has 68 permitted grows. The county only allows farmers to grow medical marijuana, and has not approved any dispensaries in the unincorporated area.

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Top photo courtesy of Adobe Stock

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