I was looking at the tax rates for the legal, retail states.<\/p>\n
Washington: 37%<\/p>\n
Colorado: 29%<\/p>\n
Alaska: 25%<\/p>\n
Oregon: 20%<\/p>\n
Obviously, Washington could bear going down to 25%. Both Washington and Colorado have enjoyed vastly more tax revenue than they planned.<\/p>\n
Now from the states that recently passed retail marijuana laws:<\/p>\n
California: 15%<\/p>\n
Nevada: 15%<\/p>\n
Maine: 10%<\/p>\n
Massachusetts: 3.75%<\/p>\n
You can bet that the top priority for the government in California is to get that tax rate up there. The Massachusetts initiative is just begging for a real job from the legislature. In Maine, they may have ignored how the taxes act on the regulatory process: the better-funded your regulatory agency is, the quicker it works.<\/p>\n
Taxes paid enable the state to legislate and regulate the cannabis business; in exchange the state promises protection from the DEA for those businesses. After that, it really doesn’t matter much where the excess revenue goes.<\/p>\n","protected":false},"excerpt":{"rendered":"
I was looking at the tax rates for the legal, retail states. Washington: 37% Colorado: 29% Alaska: 25% Oregon: 20% Obviously, Washington could bear going down to 25%. Both Washington and Colorado have enjoyed vastly more tax revenue than they planned. Now from the states that recently passed retail marijuana laws: California: 15% Nevada: 15% […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1766","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/www.martincassidy.com\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/1766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.martincassidy.com\/wordpress\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.martincassidy.com\/wordpress\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.martincassidy.com\/wordpress\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/www.martincassidy.com\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1766"}],"version-history":[{"count":1,"href":"http:\/\/www.martincassidy.com\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/1766\/revisions"}],"predecessor-version":[{"id":1767,"href":"http:\/\/www.martincassidy.com\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/1766\/revisions\/1767"}],"wp:attachment":[{"href":"http:\/\/www.martincassidy.com\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.martincassidy.com\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1766"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.martincassidy.com\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}