“Another point to which the attention of the Commissioners should be directed is the probability or possibility, that if the use of hemp-drugs is prohibited, those who would other-wise continue to use them may be driven to have recourse to alcohol, or to other stimulants or narcotics which may be more deleterious.”
IHD vol 3 pages Title-17 or so74464868_53_72
Here is a message I sent Governor Brown of California about a bill to allow individual sellers of marijuana, like corporate sellers, to deduct advertising and marketing expenses on their state income tax returns:
AB 1863 loses revenue.
California should treat individuals and corporations alike for marijuana tax deductions: Let everything be deductible but advertising and marketing.
That might raise revenue (or maybe come out neutral to avoid 2/3). It would be better for the budget. Continue reading CNR urges veto of California AB 1863
Per-gram taxes on marijuana flower in Colorado have dropped over half, as prices collapse.
For July to September 2018, here are the new producer tax rates for seven categories of marijuana not sold to third parties in Colorado.
Flower: AMR (Average Market Rate) = $846 per pound.
Tax = $126.90 per pound, or approximately $0.28 per gram.
[The highest AMR for flower was $2,007, in the early days, yielding a tax of $301.05 per pound, or $0.66 per gram.]
Continue reading Colorado’s marijuana tax continues to decline
I don’t work for marijuana sellers, so why should I give them free advice? Because I want to keep their ads and promotion non-tax-deductible under 280E. Ads irritate parents, favor Big Business, and stimulate demand. They are a frill for consumers.
But even without ads, cannabis sellers have an easy, low after-tax cost way to show customers their products are special.
The customer walks into the retail store, and sees a live feed of suppliers’ grows. Continue reading How craft growers might work around 280E
I had the good fortune to be co-chair of the Regulatory and Tax Structure Working Group of the California Blue Ribbon Commission on marijuana legalization – a project of the Lieutenant Governor and the ACLU of Northern California. In connection with that work, I spend two nights and parts of three days in Humboldt County, the heart of the cannabis-growing Emerald Triangle. During a drive between San Francisco and Humboldt, I asked Terrance Alan, a long-time prominent member of the California cannabis community, what would be a fair after-tax price after legalization. I got a quick answer: “$35 an eighth.” Continue reading After-tax marijuana price target: $35 an eighth
California is considering letting individuals deduct marijuana advertising expenses on California state income tax returns – for the first time. The bill isA.B. 1863, and is pretty far along. The text is at https://leginfo.legislature.ca.gov/faces/billTextClient.xhtml?bill_id=201720180AB1863 and far below.
I’ve long thought 280E was partly justified, and partly overbroad. A compromise could treat individuals like corporations, allow deductions for non-problematic expenses, and not lose revenue. Continue reading CNR opposes California tax cut for marijuana ads
Policy makes strange bedfellows. The local paper is stirring up doubts about the state liquor monopoly, and it should look for problems, but I’m still for government sale of intoxicants, as explained here: https://www.huffingtonpost.com/pat-oglesby/marijuana-under-president_b_8207864.html, and here: https://www.rand.org/pubs/research_reports/RR864.html (download).
Here are some emails:
8/13/2018 10:09 AM
Dear Folks at the Christian Action League:
The Center for New Revenue opposes privatization of liquor stores. The profit motive for liquor sales (or for marijuana sales) is not the people’s friend. [Letter to N&O, below, was attached.]
Aug 13 (4 days ago)
Response (in part):
Thank you for this information, Pat. The Christian Action League has long held the same opinion and appreciates those who are willing to speak out clearly on both issues of privatization and marijuana use. Continue reading Allied with Christian Action League on Government Liquor Stores