The San Francisco controller’s office has done an unprecedented analysis of the amount of sales tax revenue going to the general fund from the sale of medical cannabis at permitted city dispensaries. The results are staggering.
San Francisco has an 8.5 percent sales tax rate, coming from a combination of the state’s 7.25 percent sales tax with a local one percent sales tax that goes to SF’s general fund, and a .25 percent sales tax that goes into other buckets (like transportation). San Francisco’s roughly two dozen permitted clubs must pay the 8.5 percent sales tax, which is then reported to the controller’s office.
For the most recent reporting period which ended with the third quarter of 2011, a year’s worth of general fund revenue from the sales tax on medical marijuana totals “just over $410,000,” said Curt Fuchs, senior economist in the Controller’s office.