Rate this post


Study the complete post at

https://qz.com/1595906/how-a great deal-tax-do-marijuana-enterprises-spend/

Right here’s a chart Quartz compiled

State Grower tax, flower Grower tax, trim Excise and sales taxes
Alaska $50/oz $15/oz By locality
California $9.25/oz $two.75/oz By locality
Colorado None None 15% on sales from grower to retailer 15% on retail sales
Massachusetts None None 10.75% state excise tax nearby sales tax capped at three%
Nevada None None 15% on sales from grower to retailer 10% on retail sales
Oregon None None 17% state excise tax nearby sales tax capped at three%
Washington State None None 37% state sales tax

According to the Tax Policy Center, a partnership among the Urban Institute and the Brookings Institution, states with marijuana taxes place a portion of the funds toward the following:

  • Alaska steers 50% of its cannabis revenues to its common fund, and 50% to crime reduction applications.
  • California utilizes its cannabis revenues for administrative fees associated to legalization, with additional funds going toward financial improvement, academic research, and youth applications.
  • Colorado earmarks its cannabis revenues for education.
  • Massachusetts pays for a variety of public security applications with the cannabis taxes it collects.
  • Nevada utilizes its cannabis revenues for education applications and to supplement its rainy day fund.
  • Oregon finances education and drug remedy-and-prevention applications with its cannabis revenues, with some going to nearby governments.
  • Washington State utilizes its cannabis revenues for healthcare.