KCMO just the latest in local entities looking for their marijuana tax piece of the pie
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KANSAS CITY, Mo. (KCTV) - When Kansas City’s Legal Review Committee meets on Tuesday morning to discuss the possibility of a local marijuana sales tax, the city will become just the latest in a long line of local entities trying to gather additional revenue from the recent weed legalization in Missouri.
Kansas City’s proposal includes an additional 3 percent tax on each marijuana-related sale. That’s on top of a 6 percent state sales tax, and an additional county 3 percent sales tax proposed in Monday morning’s Jackson County Legislature meeting. (That county proposal is making its way through committee.)
Some estimate state revenues from marijuana sales could reach around $40 million a year, with another $13 million going to local governments.
Reporter Joe Hennessy breaks down the money, along with expectations for local businesses once the shelves are fully stocked next month:
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