02/24/2011 04:59 pm ET | Updated May 25, 2011

California To Collect Taxes From Medical Marijuana

California's tax collectors want their share of the burgeoning medical marijuana business.

The state Board of Equalization announced Thursday that medical marijuana dispensaries are not exempt from paying sales tax.

The decision reaffirms current policy that the selling of medical marijuana involves taxable tangible property, the board said.

Read more on Los Angeles Times