California Could Tax Pot By as Much as 45 Percent

By:
California Could Tax Pot By as Much as 45 Percent

Flickr / Chris Potter / CC BY 2.0

Buying legal marijuana in California could be pricey enough to keep the black market healthy.

Between customers, retailers and growers, taxes on cannabis may reach as high as 45% in parts of the state, according to a Fitch Ratings report. Those high taxes may keep consumers away from legal marijuana stores once the recreational retail market goes live on January 1.

California marijuana consumers are going to have to pay a combination of state and local taxes that vary by municipality.

View Original Article Here

Repost is the designation for articles collected from the Internet whose content may interest our readers. These articles are not written by our staff and they do not necessarily reflect our views.

Related posts

Top