Santa Cruz City, County See Higher-Than-Expected Funds From Medical Marijuana Dispensary Taxes
Both the city and county of Santa Cruz collected more money in taxes on medical marijuana dispensaries last year than anticipated, with the city collecting $305,000 in taxes in 2015, and the county collecting $1.95 million between November 2014 and October 2015. In 2014, voters approved measures to levy a 7% tax on medical marijuana retailers' sales. A large share of the money will help the county enforce medical marijuana regulations, while some will go to general funds for the city and county.
- "Santa Cruz County Medical Marijuana Dispensaries Ring Up More Than $32.3M in Sales" (Clark, Santa Cruz Sentinel, 1/14).