Slides are at Generic weed ALCOHOL FIRST tax slides 4 December 2019-4
Here is chart:
Center for New Revenue
Pat Oglesby, Www.newrevenue.org, 4 December 2019
|Recreational FLOWER Excise Taxes||STATUTORY Pre-Retail||ACTUAL Pre-Retail % OR /gram||Retail|
|Canada (ex Manitoba)||Greater of 10% or $1/gram||Greater of 10% or $1||Provinces vary|
|California||$9.25/oz. indexed; now $9.65/oz.||$0.34||15% X (Wholesale price + 80%)|
All states taxing weight have categories taxed lower than flower (bud) — like trim (leaves, shake). Most recreational states impose standard retail sales (non-excise) taxes, too, if they have them; e.g., Massachusetts’s total retail tax goes from 13.75% to 20%. Colorado and Nevada adjust weight taxes periodically to tax 15% of recent market prices. California indexes its weight tax for inflation. California and Colorado use actual price in certain non-related party sales. Canada taxes some products by THC content.
Taxes on medical range from zero to 100% of the recreational rate.
More at https://newrevenue.org/2018/06/06/cnr-recommends-cannabis-tax-chart/; https://itep.org/taxing-cannabis/. Corrections: firstname.lastname@example.org 919 619 8838. Updates and more info at www.newrevenue.org. More background on cannabis revenue at https://www.rand.org/pubs/research_reports/RR864.html (Chapters 4 and 5 and Appendix B).