Pay up! The city wants its cut

Desperate times call for desperate measures. Cash-strapped city and state governments are looking for a little extra revenue wherever they can get it.

1 of 7
BACKNEXT
A tax on medical marijuana
A tax on medical marijuana
The medical marijuana business is alive and well in California, where dispensaries pay state -- but not city -- business taxes. Now, the Los Angeles City Council wants to change that.

The council is proposing medical marijuana collectives pay a 5% tax as a way to fund the local police service, parks and "general improvements throughout the city." Local smokers, er, voters, will get their say in a city election scheduled for March 8.


NEXT: Upgrade your jail stay, for a fee
Last updated March 03 2011: 2:08 PM ET
Overnight Avg Rate Latest Change Last Week
30 yr fixed3.92%3.97%
15 yr fixed3.00%3.08%
5/1 ARM3.48%3.44%
30 yr refi3.99%4.02%
15 yr refi3.10%3.16%
Rate data provided
by Bankrate.com
View rates in your area
 
Find personalized rates:
More Galleries
Star Trek technology that we use today With the death of Leonard Nimoy, the actor who played Star Trek's Spock, we remember his character's legacy: The technology we use every day. More
Zombie brands with a second life Where you can still get an Ionic Breeze air freshener. The Sharper Image and five other bankrupt brands still walk among the living, sort of. More
4 trends popping up in high-end kitchens Here's what luxury homeowners are adding to their kitchens. More

Special Offer