Higher fees, layoffs, possible marijuana tax on Oxnard’s horizon

Higher city fees and layoffs will help close an Oxnard budget gap this year. Next year, revenue from a marijuana tax could help.

The Oxnard City Council on Tuesday voted unanimously to place a marijuana tax measure on the November ballot. If a majority of voters support it, the city would be able to collect a tax on multiple aspects of the marijuana business including retail sales, testing labs, cultivation, deliveries and distribution. The potential revenue is estimated to be $1.2 million to $2.5 million a year.

Oxnard joins the Simi Valley and Thousand Oaks city councils this week in placing similar marijuana tax measures on

... read more at: https://www.vcstar.com/story/news/2018/06/07/marijuana-tax-oxnard-city-council-higher-fees-layoffs-possible/671381002/