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Marijuana Could Make $400k For D.C. Over 5 Years

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WASHINGTON (AP) A tax on medical marijuana could generate some $400,000 for Washington over the next five years.

That's according to information provided by the city on Tuesday.

The D.C. Council has proposed taxing marijuana as part of budget negotiations. Council members are expected to vote June 15 on a budget that includes a provision that would impose the city's 6 percent sales tax on medical marijuana sold in D.C. The finance office says that an ounce of marijuana is expected to cost an average of $350. Adding the 6 percent tax would mean users would pay another $21 in taxes.

Washington's financial office estimated that about 850 people would fill prescriptions for medical marijuana in 2014.

(Copyright 2010 by The Associated Press. All Rights Reserved.)

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