Month: July 2025

I’m as big a fan of a potency tax as you can find, so I’m sad to say that New York repealed its THC tax in 2024. https://mjbizdaily.com/most-new-york-marijuana-operators-save-big-without-potency-tax/  Legal sellers in New York were having so much trouble  competing with illicit sellers that they succeeded not only in reducing the tax burden but in changing the tax base from milligrams of THC to an ad valorem (percentage of price) tax. I think people in state government were desperate to give legal sellers any relief they asked for.

Still, Connecticut continues its THC tax, as does Canada.  Bravo.  Illinois’s weird little combination tax is still on the books. It taxes products more heavily if they cross the 35% THC line with a higher ad valorem rate. The intent was to tax flower at a lower rate than concentrates, which would have been doable, but they somehow landed on this bright line 35% threshold, which is not ideal technically.

Here’s the full report, all 320 pages of it, without the necessity of clicking a couple of times and trying to “prove you are human.”