Tax marijuana like milk?

Backing up posts manually, I came across one from May 30, 2010: “Free choice to use tobacco and alcohol — Tax free!”

Tax cannabis like corn flakes? Here, from the Raleigh newspaper, is a pure expression of that view. Taxes that “should be abolished” include “all differential excise taxes on tobacco, alcohol and entertainment.”  The link has expired, so my old blog post is the only place I can find it. This is a point of view I disagree with, but I can’t prove it wrong. It prevails or loses, depending on who has the votes. Continue reading “Tax marijuana like milk?”

Copy this website with attribution

Please feel free to download and and save and repost anything on this website, http://www.newrevenue.org, with attribution.  Godaddy gave me a scare, indicating that this website would disappear on June 24 unless I engaged in some computer work that’s beyond me.  I think I’ve dodged that bullet, but general principles call for saving content routinely.  That, too, involving “file transfer protocol,” is beyond me.   When I lose the rest of my marbles, this website will soon vanish.  For what it’s worth.

Unplowed ground

I was talking about the California Blue Ribbon Commission and the taxation of cannabis with an elected official in North Carolina, one who spends a lot of time saying the same thing over and over.  (A lot of this time involves battling the other side of the political spectrum.)  This official expressed some envy about tackling something new — about questions we don’t have answers for.

It would be very useful to index the taxes on alcohol and fuels (gasoline, jet fuel) for inflation.  To me, that’s an obvious reform.  But if I were to take up that reform as an issue, I would have to say the same thing over and over again:  Index these taxes.  Even though I make plenty of mistakes, it’s more fun to work on unplowed ground.

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WA Credit union accepts cannabis growers

This was news to me before the ACLU of WA-WOLA trip to Spokane, which educated me about this practice, already described in an article from September 2014:

“Unlike many banks worried about the drug’s federally illegal status, Spokane’s Numerica Credit Union has offered accounts to marijuana growers and processors (retailers are not allowed). Numerica wouldn’t confirm the number of accounts it’s opened or the amount of its application or monthly fees, though a spokesperson said special fees were necessary for the ‘initial and ongoing due diligence’ on the accounts. Growers and retailers tell the Inlander the application fee alone is $1,000.”

The rationale I heard for “no-retailers” is Continue reading “WA Credit union accepts cannabis growers”

Early Lessons for Future Pot Laws — Chris Law

Chris Law just finished law school in DC and is studying for the California Bar.  I read an early version of this paper and thought it was super.  Pdf is easier to read: Legalized Recreational Marijuana and the Black-Market Challenge.  (Thanks, Chris.)  Here are four key recommendations:

1.  States Should Avoid Price-Based Taxes Adopted by Colorado and Washington Because of the Potential for a Price Collapse;    2. Recreational Marijuana Taxes Should Start Low and Gradually Increase as the Market Matures;  3.  States Should Structure Taxes to Help Businesses Make Deductions on Federal Taxes;  4.  States Should Implement Policies to Reduce Competition Between Recreational and Medical Marijuana Markets.

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Legalized Recreational Marijuana and the Black-Market Challenge: Early Lessons for Future Pot Laws

 

Christopher Law Continue reading “Early Lessons for Future Pot Laws — Chris Law”

Flexible taxes in Uruguay

Julio Calzada, drug czar of Uruguay:  “We had begun working with a low tax; now we have a flexible tax, which will be able to move. Our law allows for that, and at least our low tax – that’s what allows us to compete with the black market. Eventually as the legal market develops and grows we could raise taxes.”  here or at https://vimeo.com/130489985 at the 40’24” mark

UPDATE:  Bryce Pardo says that rates have not been set yet.  So I guess this statement indicates intention rather than fact.  If you listen to the Spanish, Impuestos = taxes.