California cannabis prohibition is costing the state about $1 billion per year in lost tax revenue that’s sorely needed for social services, a new analysis from the state’s Department of Finance reports this December 21.

California cannabis prohibition is costing the state about $1 billion per year in lost tax revenue that’s sorely needed for social services, a new analysis from the state’s Department of Finance reports this December 21.

A proposed, 15 percent tax on medical marijuana sales would push the government's take on retail pot in Los Angeles to more than one fourth of the advertised price.

The estimated value of marijuana is more than the top five leading cash farm receipts for commodities in California combined.

To hear Troy Dayton tell it, California is on the brink of a gold rush — or, more specifically, a green rush. While insiders are working behind the scenes to put the question of recreational marijuana to voters on the November ballot, investors and business owners throughout the Golden State are getting ready to jump into the recreational pot business.

Los Angeles County voters will decide this fall whether to tax marijuana businesses to help pay for housing and health services for the homeless.

Los Angeles County voters will decide this fall whether to tax marijuana businesses to help pay for housing and health services for the homeless.

A plan backed by Silicon Valley billionaire Sean Parker to legalize recreational use of marijuana in California is on the path to the November ballot, potentially bringing more than $1bn a year in tax revenue, according to legislative analysts.

A plan backed by Silicon Valley billionaire Sean Parker to legalize recreational use of marijuana in California is on the path to the November ballot, potentially bringing more than $1bn a year in tax revenue, according to legislative analysts.

Bruce Kennedy ~ WeedWorthy ~

Experts say legal cannabis companies have to keep meticulous records if they don’t want to run afoul of federal, state and community tax officials.

As California seeks to regulate its medical marijuana economy, as well as set rules for personal cultivation, a March 1 deadline is making scores of cities and counties paranoid about how to govern pot.

As California seeks to regulate its medical marijuana economy, as well as set rules for personal cultivation, a March 1 deadline is making scores of cities and counties paranoid about how to govern pot.