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Posted at 3:27 PM ET, 06/ 1/2010

Pot could bring in $400K for D.C.

By Washington Post editors

A tax on medical marijuana could generate about $400,000 for Washington over the next five years, according to information provided by the city Tuesday.

The D.C. Council has proposed taxing marijuana as part of budget negotiations. Council members are expected to vote June 15 on a budget that includes a provision that would impose the city's 6 percent sales tax on medical marijuana sold in the District. The finance office says that an ounce of marijuana is expected to cost an average of $350. Adding the 6 percent tax would mean users would pay an additional $21 in taxes.

Washington's financial office estimated that about 850 people would fill prescriptions for medical marijuana in 2014.

-- Associated Press

By Washington Post editors  | June 1, 2010; 3:27 PM ET
Categories:  DC  | Tags:  Adrian Fenty, DC Council, d.c. pot, medical marijuana, medical pot  
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