Monday, July 14, 2025
MWH
  • Home
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop
No Result
View All Result
  • Home
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop
No Result
View All Result
Marijuana with Hemp
No Result
View All Result
Home Featured

California is slowing dropping its tax rate on marijuana

Graham Cooper by Graham Cooper
August 23, 2023
in Featured, Politics
Share on FacebookShare on Twitter
56

During the boom of newly legal marijuana, the excitement was so high that it seemed people would continually be lining up to get their daily dose of legal weed. With this came opportunity to make lots of money, and the tax rate on marijuana in the state of California has been absurdly high ever since. With the state excise tax, the state sales tax, and local tax, 35% or higher was not uncommon.

The rate was so high, that the illicit market continued to run rather smoothly, becoming the much cheaper option.

Now, it seems, local governments across the state are starting to get the message and are course correcting.

According to MJBizDaily, as of now there are 14 cities and counties that have reduced or entirely eliminated their local tax on marijuana. More are likely to follow.

It’s unfortunate that the local governments are the only ones bearing the brunt of cheaper marijuana, with the state tax sitting firmly at 15%. If that rate was cut in half, there would be a lot more breathing room for businesses.

Either way, this is a step in the right direction to fight the less safe illicit market, although the real question is if it’s too little too late.

Read the original story at MJBizDaily.

Visits: 594
Previous Post

A Philadelphia’s Harm Reduction Site’s Long Journey Continues

Next Post

World Anti-Doping Agency To Keep Cannabis On Banned Substance List

Graham Cooper

Graham Cooper

Next Post
World Anti-Doping Agency To Keep Cannabis On Banned Substance List

World Anti-Doping Agency To Keep Cannabis On Banned Substance List

ADVERTISEMENT
  • Former NBA Player Smoked Cannabis Before Interviewing Kamala Harris

    Former NBA Player Smoked Cannabis Before Interviewing Kamala Harris

    0 shares
    Share 0 Tweet 0
  • Where is marijuana on the ballot in November?

    0 shares
    Share 0 Tweet 0
  • Doordash gets into the Weed Delivery Business

    0 shares
    Share 0 Tweet 0
  • Kamala Harris Didn’t Talk With Rogan About Legalization, She Should Have

    0 shares
    Share 0 Tweet 0
  • Barstool Sports Delves Into the Realm of Cannabis

    0 shares
    Share 0 Tweet 0
  • Trending
  • Comments
  • Latest
New Jersey To Open Cannabis Lounge Applications In Coming Months

New Jersey To Open Cannabis Lounge Applications In Coming Months

March 5, 2025
Study Finds that Psychedelics Allow People  to Perceive Consciousness in More Parts of the World

Study Finds that Psychedelics Allow People to Perceive Consciousness in More Parts of the World

April 26, 2022
Ohio legalizes marijuana with a large majority and is immediately hit with backlash

Ohio legalizes marijuana with a large majority and is immediately hit with backlash

0
New Studies Show Increased Of Heart Disease If You Consume Cannabis

New Studies Show Increased Of Heart Disease If You Consume Cannabis

0
Texas Becomes 40th State to Legalize Medical Cannabis

Texas Becomes 40th State to Legalize Medical Cannabis

July 9, 2025
Marijuana Rescheduling Still In Limbo, Here’s the Latest

Marijuana Rescheduling Still In Limbo, Here’s the Latest

July 9, 2025
ADVERTISEMENT
Marijuana with Hemp

Browse by Category

  • Business
  • Featured
  • Hemp Politics
  • Latest News
  • Lifestyle
  • Medical
  • Medical Marijuana
  • Politics

Recent News

Texas Becomes 40th State to Legalize Medical Cannabis

Texas Becomes 40th State to Legalize Medical Cannabis

July 9, 2025
Marijuana Rescheduling Still In Limbo, Here’s the Latest

Marijuana Rescheduling Still In Limbo, Here’s the Latest

July 9, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2024 Marijuana With Hemp

No Result
View All Result
  • Home
  • Politics
  • Business
  • Lifestyle
  • Medical
  • Shop

© 2024 Marijuana With Hemp