additional revenue from medical Marijuana dispensaries. Oakland faces a
deficit expected to reach $65 million in the 2009-10 fiscal year,
according to the Oakland Tribune.
four licensed Oakland dispensaries indicated they were amenable to the tax proposal in
April, agreeing to pay a tax at 10 times the current rate -- 1.2
percent (that's $12 per $1,000 of gross receipts).
Rebuilding Oaktown goes a lot farther with the idea. The blog notes
that the Uptown "parking lot" is empty and unused, and proposes that
"instead of... a do-nothing dirt field," the City of Oakland should put
a hemp farm contract out to bid, and further should choose Oaksterdam
University to administrate subplots in the large empty lot.
the plan, the city would receive 70 percent of proceeds, while growers
and administrator would receive 30 percent for landscaping, fence, and
to AlterNet, pot entrepreneur Richard Lee (who owns seven buildings -- including Oaksterdam University -- within a radius of a few blogs, and who is
also working to get legal Marijuana on the California ballot in 2010) "soon will be the person most associated with pot legalization in America."