California Cities Expecting Revenue From Legalized Pot

[I AM NOT THAT GUY 5,715]

BALLOT INITIATIVES

• Oakland: 5 percent tax on medical cannabis dispensaries and cultivation facilities, 10 percent for recreational production and sales.
  
• Berkeley: 2.5 percent for medical marijuana, 10 percent recreational.
  
• Sacramento: 4 percent medical marijuana, 10 percent recreational.
  
• Richmond: 5 percent medical marijuana, 5 percent recreational.
  
• San Jose: 10 percent medical marijuana.*
  
• Long beach: 5 percent medical marijuana, 10 percent recreational.
  
• Stockton: 2.5 percent medical marijuana, 10 percent recreational
  

* Proposed

http://www.mercurynews.com/news/ci_15645236?nclick_check=1

Oakland's pot dreams could burst

Mark Kleiman, a UCLA professor of public policy who has written extensively on the topic, believes cities such as Oakland that are hoping to cash in on medical marijuana, and legalization if it happens, should try to see through the dollar signs to the possible pitfalls.

"Yes, (Oakland is) in for a big letdown," he said. "Competition among growers and among jurisdictions would drive legal prices through the floor, leaving California with a large (illegal) export trade to the rest of the country and not much revenue. The feds wouldn't hold still for it and would crack down."

[The_Dude 1,142]

They should tax the hell out of it statewide and not allow cities or counties to tack on additional taxes. The goal of legalizing it isn't to promote the use of marijuana afterall.