HB 1318 levies the following taxes on marijuana: 15% on retail sales plus 15% on wholesales sales plus 2.9% state sales tax plus local sales tax, which averages 4.34%. That is an effective rate of 39.49%. While I despise the entire idea of legalized marijuana putting such a high tax on it will encourage the cartels to continue to bring product into the country. MJ was supposed to be treated "like alcohol". So why don't we tax it like alcohol.
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