$100 prize for guessing Colorado weed flower tax AMR for Q1 2021

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.

Here’s some background: Continue reading $100 prize for guessing Colorado weed flower tax AMR for Q1 2021

California Marijuana Weight Taxes as of January 2020 — and Alaska, Maine, Colorado and Nevada

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.

[1] https://www.cdtfa.ca.gov/industry/cannabis.htm#Overview; copied at https://newrevenue.org/2020/02/19/california-marijuana-tax-rates-as-of-january-2020/.

https://www.cdtfa.ca.gov/industry/cannabis.htm#Overview

2020 January Tax Guide for Cannabis Businesses

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Here are Alaska’s rates, from http://tax.alaska.gov/programs/programs/help/faq/faq.aspx?60000, Average Market Rate for Unprocessed Retail Marijuana | Department of Revenue – Taxation:

“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.”

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Here are Maine’s rates, from https://legislature.maine.gov/statutes/36/title36sec4923.html:

(Title 36, §4923: Excise tax imposed has a copy.)

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:

As of 1-1-2019:

https://tax.nv.gov/uploadedFiles/taxnvgov/Content/Forms/Marijuana-Fair-Market-Value-Jan-1-2019.pdf

Marijuana-Fair-Market-Value-Jan-1-2019

Here are newer rates:  https://tax.nv.gov/uploadedFiles/taxnvgov/Content/Home/Features/Fair%20Market%20Value%20at%20Wholesale%20Summary%20Jan%2020%20(Final%20Draft).pdf

Fair Market Value at Wholesale Summary Jan 20 (Final Draft).

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Here are Colorado’s — 15 percent of the numbers below:

https://www.colorado.gov/pacific/tax/marijuana-AMR

Average Market Rate for Unprocessed Retail Marijuana | Department of Revenue – Taxation

Period Rate: January 1 to March 31, 2020

 Retail Bud Rate  $1,316 per pound
 Retail Trim Rate  $350 per pound
 Retail Immature Plant Rate  $9 per plant
 Wet Whole Plant Rate  $191 per pound
 Seed Rate  $5 per seed
 Trim Allocated for Extraction Rate  $247 per pound
 Bud Allocated for Extraction Rate  $299 per pound