Pot Dispensaries Turn Against L.A.’s Marijuana Tax Proposal

Los Angeles Times:  “Measure M on Tuesday’s ballot would add a 5% marijuana tax to sales at pot dispensaries. Owners of the collectives once supported the idea but are now angry about the upcoming lottery to decide which ones can remain open. . .. Measure M would require the city’s dispensaries to pay a 5% business tax on gross receipts, which is 10 times more than the city’s highest tax.”