What are the state and local taxes on legal, recreational pot

[BigmanPigman]

in states that currently have it in place. On Jan 1st, CA lawmakers expect a windfall when it is made legal here. They expect that a 45% tax will be charged in parts of the state. OUCH!! San Diego already charges 8%+ for medical weed. This would give the state $5 BILLION in new revenue!

[msongs]

1. meet the new drug dealers, same as the old drug dealers when it comes to prices nt

[BigmanPigman]

2. It's cheaper to buy it off the street by far!

[pscot]

9. Inevitably

Taxes and monopoly have created a niche for black marketeers.

[GP6971]

3. 37% in WA. n/t

[BigmanPigman]

4. Holy shit!

[Cartoonist]

5. Not much

I have a California medical marijuana license and buy my stash at a store. On the street, you can get good weed fo $60 an eighth. At the store, you can get good weed for $40, and great weed for $50. Taxes don't hurt.

[BigmanPigman]

6. But if you add 45% on top of that it is pretty steep.

San Diego sucks when it comes to the City Counsel and the shit that they give to dispensaries and the taxes they impose are ridiculous.

[Cartoonist]

7. Two taxes?

The tax for medical marijuana will be the same as over the counter pot.

[BigmanPigman]

8. I have the feeling that the taxes will be increased

and it will be left up to the local governments to choose how much tax they decide to charge and it could be up to 45%. I read this from a CNN article yesterday.