Why I'm studying a marijuana tax

1. Simplistically, either we adopt a marijuana tax (low hanging fruit) or we go broke because can’t muster the will to make hard choices.  This is a test.

2. For years, I worked for Congress on trying to tax income from intangibles, which is not only hard to measure, it’s hard even to locate (companies like to say it’s in tax havens).   Locating marijuana will be simple unless the tax is so high as to encourage bootlegging.  But once you find it, you can measure it.  Or tax it based on potency.

Author: patoglesby

From 1982 to 1990, I worked in tax policy for Committees of the United States Congress. In recent years, I was Adjunct Lecturer at UNC-Chapel Hill's Business School and then Adjunct Professor at its Law School. View all posts by patoglesby