Thursday, May 05, 2022

The impact of California's cannabis taxes on participation within the legal market - Reason Foundation

The impact of California's cannabis taxes on participation within the legal market - Reason Foundation  link
  • This analysis develops an empirical model to estimate the degree to which California’s tax regime affects participation within its commercial cannabis market, and how participation may change through different approaches to taxation.
  • Why is legal marijuana struggling to compete in California? This study shows California’s state and local taxes on legal cannabis can be as high as $90 per ounce, or $1,441 per pound.


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