What will Colrado’s Average Market Rate for flower be as of January 1, 2021? It’s $1,316 today. Best guess wins $100. Enter at CO2021@newrevenue.org.
In case of tie, earliest sent message wins. (Hint: All AMRs have been whole dollar figures so far – no pennies.) Entries close when Colorado releases the price, at which time winner will be announced and check for $100 issued. One guess per entrant, for now. Employees of the State of Colorado are ineligible.
For the record, here are weight tax rates for cannabis in U.S. states as far as I know. I’m preserving the documents here, since the rates will change.
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California adjusts its marijuana tax rates for inflation. Here is a copy of the rates as of early 2020.
Flower, $9.65 per ounce; leaves, $2.87 per ounce; and fresh cannabis plant, $1.35 per ounce.[1] New categories can be created by regulation as needed.
“Effective January 1, 2019, sales and transfers of marijuana are subject to new tax rates. Mature bud/flower are taxed at $50 per ounces and trim is taxed at $15 per ounce. A new rate has been added at $25 per ounces for bud/flower that is considered immature or abnormal. This is bud/flower that did not fully mature or develop, contains seeds, or failed testing. Clones are taxed at a flat rate of $1 per clone and not on the estimated weight.”
1. Excise tax on marijuana flower and mature marijuana plants. A cultivation facility licensee shall pay an excise tax of $335 per pound or fraction thereof of marijuana flower or mature marijuana plants sold to other licensees in the State.
[PL 2019, c. 231, Pt. B, §7 (NEW).]
2. Excise tax on marijuana trim. A cultivation facility licensee shall pay an excise tax of $94 per pound or fraction thereof of marijuana trim sold to other licensees in the State.
[PL 2019, c. 231, Pt. B, §7 (NEW).]
3. Excise tax on immature marijuana plants and seedlings. A cultivation facility licensee shall pay an excise tax of $1.50 per immature marijuana plant or seedling sold to other licensees in the State.
[PL 2019, c. 231, Pt. B, §7 (NEW).]
4. Excise tax on marijuana seeds. A cultivation facility licensee shall pay an excise tax of 30¢ per marijuana seed sold to other licensees in the State.
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Here are Nevada’s, with fair market value to be multiplied by 15 percent:
