Replaced by https://newrevenue.org/2019/10/01/cannabis-tax-ranges-wont-solve-the-i-want-the-most-thc-problem/.
Month: September 2019
Washington State studies cannabis potency tax
Here is the outline of a report the Liquor and Cannabis Board sought bids for. I think the outline is insightful. It’s a public record, I’m sure.
this part is the most interesting to me:
- Regulatory options & challenges
- Tax by milligram of THC (per research)
- Complexity in converting % THC into milligram units in traceability/pos systems – large rule required.
- Tax by product type
- Still requires traceability changes, but not conversion
- Would have to establish relative potencies of product types
- Third major option –This should not be indented: Establish tax brackets based on potency ranges
- Requires traceability change
- Would have to establish tiers or brackets of potencies (on what basis? Health? Research not available to create multiple tiers or brackets).
- Tax by milligram of THC (per research)
K1325 – Attachment B Proposed Report Outline is more legible
Attachment B Continue reading “Washington State studies cannabis potency tax”