CA considering lowering taxes on weed stores

[Wolfstrike]

Due to taxes on weed stores, nothing has slowed the sales of illegal weed. California is considering temporarily lowering taxes.
'member when they said legalizing will stop crime?
You 'member!
I think L.A issued 1000 licences and stopped

 

[Moonglow]

To be more effective the laws should be more like Colorado's..

 

[TNHarley]

Well, when you can get the same quality smoke from your buddy down the street and save 30 dollars in tax, who you gonna call?

 

[william the wie]

But the weed tax was going to save the state finances.

 

[TNHarley]

But the weed tax was going to save the state finances.

It could but it would take time if you do it right. Which, if our leaders did things right, it would usually take time to work itself out..
They have the regular sales tax, plus 15% on top of that, then your local communities are putting around a 10-15% tax rate on it as well.
Thats way too much.
For 7 grams, you are looking at around/over 40 bucks in taxes.. Thats wayy too much.
Just in tax on 7 grams, that is what you pay for 3.5 on the street..

 

[bendog]

Due to taxes on weed stores, nothing has slowed the sales of illegal weed. California is considering temporarily lowering taxes.
'member when they said legalizing will stop crime?
You 'member!
I think L.A issued 1000 licences and stopped

We need a political party to run on "the Weed's Too Damn High"

 

[Wolfstrike]

what's the right way to mug people for their addictions?

 

[Soggy in NOLA]

Does CA get anything right? Seems they can fuckup a wet dream.

 

[BluesLegend]

California should tax illegals for raping and killing Americans.

 

[JustAnotherNut]

Lowering taxes???? yeah right, they'll tack that on to something somewhere and call it something else

 

[Harry Dresden]

Lowering taxes???? yeah right, they'll tack that on to something somewhere and call it something else

or they will put a fee on something....

 

[martybegan]

But the weed tax was going to save the state finances.

It could but it would take time if you do it right. Which, if our leaders did things right, it would usually take time to work itself out..
They have the regular sales tax, plus 15% on top of that, then your local communities are putting around a 10-15% tax rate on it as well.
Thats way too much.
For 7 grams, you are looking at around/over 40 bucks in taxes.. Thats wayy too much.
Just in tax on 7 grams, that is what you pay for 3.5 on the street..

What they and other governments forget is there are two forms of a black market. A "high end" black market that provides banned or forbidden substances, and a "low end" black market that provides goods that while legal, have onerous cost additions due usually to regulations.

High end black markets are the more dangerous ones, as the high profit margins lead to so much money that violence is bound to occur within the trade, but a low end black market defeats the original purpose of legalizing said substance, which is control and moving the profit away from crime and to legitimate business and of course, the government coffers.

 

[g5000]

Due to taxes on weed stores, nothing has slowed the sales of illegal weed. California is considering temporarily lowering taxes.
'member when they said legalizing will stop crime?
You 'member!
I think L.A issued 1000 licences and stopped

What is the current tax rate on pot in CA?

 

[martybegan]

Due to taxes on weed stores, nothing has slowed the sales of illegal weed. California is considering temporarily lowering taxes.
'member when they said legalizing will stop crime?
You 'member!
I think L.A issued 1000 licences and stopped

What is the current tax rate on pot in CA?

California to tax pot as much as 45%

Most of these States have to come back to reality a bit, or Gutterman, riding his scooter with his man-bun will still be the main provider of pot.

 

[g5000]

A picture recently posted to Instagram shows a receipt for a shopping trip to Cookies LA, a licensed marijuana store in Maywood.

The receipt shows that the shopper bought an ounce of high-end cannabis, the maximum allowed under state law and enough to roll perhaps 40 joints.

His pre-tax tab came to $450. After taxes, the final bill was $587.25.

That receipt, and the posting on social media, are signs of the wave of sticker shock being felt among cannabis consumers.

High taxes spark sticker shock for marijuana customers in California


That's a 30 percent sales tax. Insane.

 

[g5000]

Due to taxes on weed stores, nothing has slowed the sales of illegal weed. California is considering temporarily lowering taxes.
'member when they said legalizing will stop crime?
You 'member!
I think L.A issued 1000 licences and stopped

What is the current tax rate on pot in CA?

California to tax pot as much as 45%

Most of these States have to come back to reality a bit, or Gutterman, riding his scooter with his man-bun will still be the main provider of pot.

45% is nuts.

That's a classic Pigovian tax.

However, I much prefer taxes on consumption than taxes on production.

 

[martybegan]

Due to taxes on weed stores, nothing has slowed the sales of illegal weed. California is considering temporarily lowering taxes.
'member when they said legalizing will stop crime?
You 'member!
I think L.A issued 1000 licences and stopped

What is the current tax rate on pot in CA?

California to tax pot as much as 45%

Most of these States have to come back to reality a bit, or Gutterman, riding his scooter with his man-bun will still be the main provider of pot.

45% is nuts.

That's a classic Pigovian tax.

However, I much prefer taxes on consumption than taxes on production.

All the levels of government saw $$ in their coffers and forgot the other levels were thinking the same thing.

I don't see why standard sales taxes with maybe another 5-10% on top total at the point of sale wouldn't make the State and local governments all warm and fuzzy, considering they got 0% when it was illegal and sold by Hector in his lowrider.

 

[william the wie]

CA may just reach default before IL

 

[Soggy in NOLA]

Due to taxes on weed stores, nothing has slowed the sales of illegal weed. California is considering temporarily lowering taxes.
'member when they said legalizing will stop crime?
You 'member!
I think L.A issued 1000 licences and stopped

What is the current tax rate on pot in CA?

Alameda county + state + city of Oakland -=34.2%

 

[Soggy in NOLA]

I think this hilarious... why would anybody live there?