SB 987 is approved by California Senate Appropriations Committee

SB 987, the “Marijuana Value Tax Act,” which would levy a 15% sales tax on medical cannabis sold in California, was today approved by the California Senate Appropriations Committee and now goes into the Appropriations “suspense” file from which it must be taken by May 27^th and sent to the floor of the Senate for consideration, according to Kerrie Lindecker, Communications Director for California State Senator Mike McGuire, a Democratic legislator who represents the area that produces more cannabis than any other in the United States.