Tax base slides from NYC

Oglesby 830am April 18 Tax panel has slides from my panel appearance at http://cannabis-summit.org.

Here is the conclusion, listing taxes that a jurisdiction might add over time, one by one, in creating a tax regime:

  • Start low and go slow.
  • 280E ad deduction rule — Retain or tweak
  • Tiny canopy license fee
  • Modest tax on percentage of retail price
  • Later, tax on cannabis by weight; Tax stated THC (backup – AMT)
  • Later, tax on concentrates by weight of THC

 

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