Marijuana tax thinking: Still in its infancy

A property tax on marijuana trademarks and patents seems almost impossible to administer.  Figuring the value of those intangibles requires estimating the income they would generate, in a circumstance of total uncertainty.  But Washington State House Bill 1976, just introduced, would impose a tax of $3.60 per $1,000 “of assessed value upon the assessed valuation of all trademarks, trade names, brand names, patents, and copyrights that are related to marijuana.”

The disputes that tax creates will cost more than it raises.  We are a long way from a common understanding of how to deal with marijuana on the revenue side.



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.

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