The CA Board of Equalization (BOE), the state’s tax commission, is throwing its weight behind a plan aiming to get underground medical marijuana dispensaries to pay taxes.
Of the estimated 935 cannabis businesses operating in the City of Los Angeles, about 258 of them don’t have a BOE seller’s permit. Under the plan, BOE would work with these underground dispensaries to comply with state regulations and pay their taxes without receiving punishment.
How does the plan work? Why aren’t dispensaries paying their fair share of taxes? Would the plan work?
Jerome Horton, Chairman, California Board of Equalization, the state tax commission
David Welch, LA-based attorney working in the medical marijuana industry