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Cash-strapped Long Beach considers taxing marijuana

Jul 7, 2010 3:00:00 AM - latimes.com
Proposed ballot measure would levy a 5% tax on medical pot collectives and another tax of up to 10% if recreational pot is legalized. But it would require a special election costing up to $450,000.

Faced with an $18.5-million deficit, Long Beach is considering whether to join several other California cities in seeking to make money by taxing marijuana.