Revenue & Taxes from Oakland's Cannabis Economy: Report to Measure Z Oversight Committee
Dale Gieringer and Richard Lee, "Revenue & Taxes from Oakland's Cannabis Economy: Report to Measure Z Oversight Committee," California NORML (November 6, 2006), 4.
This analysis by Dale Gieringer and Richard Lee concludes that the medical marijuana business in the city of Oakland, Calif., could contribute tens of millions of dollars to the local economy. Sales tax payments by Oakland medical marijuana dispensaries could range as high as $5 million, but have stayed well below that figure because of strict city limitations on the number of dispensaries. A regulated market for non-medical "adult use" marijuana could produce as much as $24 million in annual sales taxes for the city.
Full text available for free at: http://www.canorml.org/background/OakZFinancialReport.pdf
