5 States Considering Marijuana Taxes
The 5 states considering leglaizing marijuana and imposing a tax:
- Arizona
- 15% tax
- tax to fund health and education initiatives
- creates the Department of Marijuana Licenses and Control
- California
- 15% sales tax
- cultivation tax of $9.25 per ounce for flowers and $2.75 per ounce for leaves sold in state-regulated retailers
- Claims it will “reduce criminal justice costs by tens of millions of dollars annually.”
- Maine
- 10% sales tax
- Requires municipal approval for vendors
- Massachusettes
- state sales tax + 3.75% excise tax
- Nevada
- 15% excise tax
- location restrictions on retailers like Alaska, Oregon and Washington and somehwat similar to TX alcohol free school zones
Governing | States Voting on Marijuana, Medical or Recreational, in November