While the tax would be substantially lower than the one passed in neighboring Long Beach, it would bring between $3 and $5 million per year into the city.
From EGP News Report:
The Los Angeles City Council called Wednesday for a ballot measure to tax medical marijuana, though its attorneys and other advisers seemed wary of the idea.
Voting 9-3, the council directed its attorneys to draft the ballot measure. They would have to take another vote before Nov. 17 to put the measure on the March 8 ballot.
Councilwoman Janice Hahn sought to establish a tax of $50 per $1,000 of “cash and in-kind contributions, reimbursements, and reasonable compensation provided by members of medical marijuana collectives.”