D.C. Banks on Marijuana Sales Tax Revenue

November 22, 2010

The sales tax extension on medical marijuana passed by D.C. Council earlier this year is estimated to bring in more than $400K over the next four fiscal years. The tax covers all weed sold in the metropolitan area. These user will … Continued

Sales Tax Revenues now exceed other state tax revenues

March 11, 2010

From Forbes magazine: “Nationally, sales taxes in 2008 generated more revenue for state and local governments–about $450 billion, a recent Government Accountability Office report suggests–than did either property taxes ($411 billion) or personal income taxes ($310 billion).”