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workinclasszero

(28,270 posts)
Thu Feb 21, 2019, 11:11 AM Feb 2019

Black market will thrive if NJ puts $42-an-ounce tax on legal weed

By John Crudele February 20, 2019 | 10:05pm

The people who smoke dope aren’t necessarily dopes.

I hate to poop on New Jersey’s pot party, but I have a question: Why would anyone buy legal marijuana when the state is planning to place a $42-an-ounce tax on the stuff?

You probably heard that Jersey is about to legalize marijuana so that adults can buy it for recreational use. It’ll be just like booze, which anyone over 21 in the state can purchase. Only difference is that New Jersey doesn’t tax liquor as onerously as it will pot.

There’s a 12-cents-a-gallon tax on beer in Jersey and 85.7 cents a gallon on wine. Hard liquor is taxed at $5.50 a gallon.



https://nypost.com/2019/02/20/black-market-will-thrive-if-nj-puts-42-an-ounce-tax-on-legal-weed/
21 replies = new reply since forum marked as read
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Black market will thrive if NJ puts $42-an-ounce tax on legal weed (Original Post) workinclasszero Feb 2019 OP
I think that's happening in California to California_Republic Feb 2019 #1
I can see why these states want to tax it but damn workinclasszero Feb 2019 #2
That's less than a 10% tax. It doesn't sound like too much to me. nt earthshine Feb 2019 #7
Curious where Cannabis costs more than $420.00 an oz.? woofless Feb 2019 #11
Washington state has it much cheaper than everywhere else. earthshine Feb 2019 #12
I can buy an ounce for $75 here in Colorado. bluedigger Feb 2019 #17
Just curious - do most dispensaries in CO have this level of pricing? Thanks! (nt) earthshine Feb 2019 #19
They tend to have tiers of pricing for flower (bud). bluedigger Feb 2019 #20
Well, GWC58 Mar 2019 #21
That's just stupid. CrispyQ Feb 2019 #3
Good way to have a thriving underground pot market workinclasszero Feb 2019 #4
Sounds like someone has morality issues with weed, IMO. CrispyQ Feb 2019 #5
Maybe alcohol sellers are pushing for these workinclasszero Feb 2019 #6
Ahhh, if I only had GWC58 Feb 2019 #14
Same on the lack of funds for travel. CrispyQ Feb 2019 #15
Yeah, you don't have to travel to get "the GWC58 Feb 2019 #16
I hate this whole "Hey you can legally buy weed now, you just can't afford to!" JuJuYoshida Feb 2019 #8
Yeah workinclasszero Feb 2019 #9
And you have no right to employment either. bluedigger Feb 2019 #18
Here is a law they need to study.. safeinOhio Feb 2019 #10
In time, GWC58 Feb 2019 #13

California_Republic

(1,826 posts)
1. I think that's happening in California to
Thu Feb 21, 2019, 11:19 AM
Feb 2019

I think that’s happening in California too.

Strong controls on the new legal Cannabis stores but no worries for the existing illegal market

 

workinclasszero

(28,270 posts)
2. I can see why these states want to tax it but damn
Thu Feb 21, 2019, 11:23 AM
Feb 2019

42 bucks an ounce is insane!

They sure as hell don't tax alcohol that much.

woofless

(2,670 posts)
11. Curious where Cannabis costs more than $420.00 an oz.?
Thu Feb 21, 2019, 03:35 PM
Feb 2019

Nowhere near that here in heavily taxed Wa state.

 

earthshine

(1,642 posts)
12. Washington state has it much cheaper than everywhere else.
Thu Feb 21, 2019, 05:59 PM
Feb 2019

Great place to live if you like weed and cold weather.

bluedigger

(17,145 posts)
17. I can buy an ounce for $75 here in Colorado.
Sun Feb 24, 2019, 11:14 PM
Feb 2019

It might not be Top Shelf, but it's weed. Are they giving it away up there?

bluedigger

(17,145 posts)
20. They tend to have tiers of pricing for flower (bud).
Mon Feb 25, 2019, 11:48 PM
Feb 2019

$75/100/150/200 would be typical, I guess. The cheap stuff probably has been on the shelf for a while and/or tested below 15% THC. I can't really tell you about the whole state, though, as I don't travel much, and grow my own, anyways. We have about 6 dispensaries in Cortez, because we are the only legal corner in the Four Corners, and I see the ads in the storefronts when I go into town.

CrispyQ

(38,166 posts)
5. Sounds like someone has morality issues with weed, IMO.
Thu Feb 21, 2019, 11:30 AM
Feb 2019


Come visit Colorado! Spring time in the Rockies is something to behold!

GWC58

(2,678 posts)
14. Ahhh, if I only had
Sun Feb 24, 2019, 12:30 PM
Feb 2019

the capital to do so. Unfortunately I don’t, so a visit to Colorado is more than unlikely; it’s a definite “not happening.” I’d love to visit Nevada, too. Likewise that ain’t happening. Too bad! 🥺😨😡

CrispyQ

(38,166 posts)
15. Same on the lack of funds for travel.
Sun Feb 24, 2019, 12:37 PM
Feb 2019

I'm lucky I live here & have beautiful trails just 10 minutes away!

GWC58

(2,678 posts)
16. Yeah, you don't have to travel to get "the
Sun Feb 24, 2019, 09:01 PM
Feb 2019

Primo Grade “A” Cannabis. I’m not so lucky! Unfortunately, for me, that is, this state is a “follower state” and never, ever, ever, never leads. As I’ve said before it wouldn’t surprise me, in the least, if Maryland is the very last mid Atlantic state to legalize “Adult Use Cannabis” sales. It’s nothing personal against Maryland, it’s just how this state rolls. Well, maybe, a little personal. 😕😡

safeinOhio

(33,999 posts)
10. Here is a law they need to study..
Thu Feb 21, 2019, 01:32 PM
Feb 2019

The law of diminishing returns states that in all productive processes, adding more of one factor of production, while holding all others constant ("ceteris paribus&quot , will at some point yield lower incremental per-unit returns.[1] The law of diminishing returns does not imply that adding more of a factor will decrease the total production, a condition known as negative returns, though in fact this is common.

GWC58

(2,678 posts)
13. In time,
Fri Feb 22, 2019, 06:10 AM
Feb 2019

I believe, the taxes will come down. At this point I’ll pay the taxes on NJ cannabis if/WHEN I go there. 🤔🥴

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