Cannabis

BigmanPigman

(52,216 posts) Fri Nov 17, 2017, 09:19 PM Nov 2017

What are the state and local taxes on legal, recreational pot

in states that currently have it in place. On Jan 1st, CA lawmakers expect a windfall when it is made legal here. They expect that a 45% tax will be charged in parts of the state. OUCH!! San Diego already charges 8%+ for medical weed. This would give the state $5 BILLION in new revenue!

9 replies

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What are the state and local taxes on legal, recreational pot (Original Post) BigmanPigman Nov 2017 OP

meet the new drug dealers, same as the old drug dealers when it comes to prices nt msongs Nov 2017 #1

It's cheaper to buy it off the street by far! BigmanPigman Nov 2017 #2

Inevitably pscot Nov 2017 #9

37% in WA. n/t GP6971 Nov 2017 #3

Holy shit! BigmanPigman Nov 2017 #4

Not much Cartoonist Nov 2017 #5

But if you add 45% on top of that it is pretty steep. BigmanPigman Nov 2017 #6

Two taxes? Cartoonist Nov 2017 #7

I have the feeling that the taxes will be increased BigmanPigman Nov 2017 #8

msongs

(70,119 posts)

1. meet the new drug dealers, same as the old drug dealers when it comes to prices nt

Reply to BigmanPigman (Original post)

Fri Nov 17, 2017, 09:20 PM

Nov 2017

BigmanPigman

(52,216 posts)

2. It's cheaper to buy it off the street by far!

Reply to msongs (Reply #1)

Fri Nov 17, 2017, 09:22 PM

Nov 2017

pscot

(21,037 posts)

9. Inevitably

Reply to BigmanPigman (Reply #2)

Sun Nov 19, 2017, 11:20 AM

Nov 2017

Taxes and monopoly have created a niche for black marketeers.

GP6971

(32,859 posts)

3. 37% in WA. n/t

Reply to BigmanPigman (Original post)

Fri Nov 17, 2017, 09:25 PM

Nov 2017

BigmanPigman

(52,216 posts)

4. Holy shit!

Reply to GP6971 (Reply #3)

Fri Nov 17, 2017, 10:07 PM

Nov 2017

Cartoonist

(7,517 posts)

5. Not much

Reply to BigmanPigman (Original post)

Sat Nov 18, 2017, 12:11 AM

Nov 2017

I have a California medical marijuana license and buy my stash at a store. On the street, you can get good weed fo $60 an eighth. At the store, you can get good weed for $40, and great weed for $50. Taxes don't hurt.

BigmanPigman

(52,216 posts)

6. But if you add 45% on top of that it is pretty steep.

Reply to Cartoonist (Reply #5)

Sat Nov 18, 2017, 12:55 AM

Nov 2017

San Diego sucks when it comes to the City Counsel and the shit that they give to dispensaries and the taxes they impose are ridiculous.

Cartoonist

(7,517 posts)

7. Two taxes?

Reply to BigmanPigman (Reply #6)

Sat Nov 18, 2017, 06:16 AM

Nov 2017

The tax for medical marijuana will be the same as over the counter pot.

BigmanPigman

(52,216 posts)

8. I have the feeling that the taxes will be increased

Reply to Cartoonist (Reply #7)

Sat Nov 18, 2017, 04:24 PM

Nov 2017

and it will be left up to the local governments to choose how much tax they decide to charge and it could be up to 45%. I read this from a CNN article yesterday.

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