Marijuana Taxes, Surplus Expected to Boost California Budget

Taxes on sales of marijuana estimated to eventually reach $1 billion

Image Credits: harborsidehealthcenter.com.

California Governor Jerry Brown will propose his final state budget on Wednesday, setting out a spending blueprint that last year topped $125 billion and marking the first time the state’s coffers will be bolstered from sales taxes on marijuana.

Brown, a Democrat who is leaving office next January after four non-consecutive terms, has positioned the state as a bulwark against the conservative policies of Republican U.S. President Donald Trump. The governor’s proposal is expected to reflect that by funding programs to combat climate change, shore up health care services and other efforts.

The 2018-2019 budget will include anticipated taxes on sales of marijuana, which became legal for recreational use Jan. 1, estimated to eventually reach $1 billion.

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