How This Groundbreaking Idea Would See Legal Marijuana Taxes Fund Housing For Homeless


Originally written by Christopher Teague for The Cannabist

In Los Angeles, the homeless population has risen 12% in the past 2 years alone. In an effort to help the people and curb this crisis, the city has approved a $1.78 billion dollar plan to build more housing and provide more support services for residents over the next decade. While the intent is a noble one, what they haven’t decided on is how they are going to pay for it all. One idea on the table is money from legal marijuana.

The city has plans to tax sales and cultivation of medical marijuana at 15%, and if the state passes recreational pot, they plan to tax that too. I’m sure no one would oppose such a noble use of pot tax dollars, but it will still be just a part of the solution. The city estimates that the tax would generate about $16.7 million a year. If recreational law is passed, it could be double that later on down the road, in theory.

There are 8 other funding ideas. The city plans to try and pass as many as possible. Some require…

Source link

Previous ArticleNext Article

Leave a Reply

Your email address will not be published. Required fields are marked *