NC Medical Marijuana Bill has taxes higher than CO’s adult use law

North Carolina’s HB 84 may have some of the highest taxes ever proposed for medical marijuana.  It has two layers of 10 percent tax: Continue reading NC Medical Marijuana Bill has taxes higher than CO’s adult use law

History of Alcohol Taxation in America — Slides for UNC talk February 9, 2013, updated 2/20/13

Click here: Alcohol tax Festival 2013 final laptop Feb 9.  Material past the first 66 slides was held in reserve — and I didn’t cover all the first 66.

Federal Marijuana Tax Bill from Congressman Blumenauer — Is the tax burden just right?

Any marijuana tax needs to be low enough to drive trade into legal channels.  That may happen under a bill from Oregon Congressman Earl Blumenauer, which would “create a federal marijuana excise tax of 50 percent on the ‘first sale’ of marijuana – typically, from a grower to a processor or retailer.” Continue reading Federal Marijuana Tax Bill from Congressman Blumenauer — Is the tax burden just right?

Grey market for marijuana — medical suppliers may be a problem

Let me put a nuance on the story http://www.nwnewsnetwork.org/post/grey-market-concerns-grow-washington-legalizes-pot.  Here’s the quote:  “Oglesby doesn’t worry too much about unscrupulous medical marijuana providers entering the true black market – and selling pot to recreational users without a medical card. Why? Because of something he calls, ‘The prohibition premium. You gotta charge more if you are engaged in illegal activity to compensate you for the risk of getting caught and going to jail.'”

Well, the prohibition premium does raise costs for illegal actors, but medical marijuana providers selling to recreational users might have an easy time getting away with violation — it all depends on enforcement.  That’s something to worry about when trying to maintain a tax base.  The illegal market will always be trying to find the path of least resistance.

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