Thread: High Taxes Killing California Recreational Marijuana Tax Collection

Like I said...they will tax it to death and it will be sold cheaper on the streets!

Greed is the ONLY reason they want to legalize it. Backfiring already!

Originally Posted by Beezer

Like I said...they will tax it to death and it will be sold cheaper on the streets!

Greed is the ONLY reason they want to legalize it. Backfiring already!

Yep, the taxes and added regulation costs will keep the drug cartels and other illegal manufacturers, smugglers and dealers in business. The black market will always be able to undercut the legal market. Many of the folks already purchasing their marijuana illegally will continue to do so because it's cheaper and they already have an established dealer. The new "legal" market will mostly create new drug users and future abusers. Many of the new users will be the preppy type with a little extra jingle in their pocket. Of course due to lack of motivation, some of those "new users" will eventually lose that extra jingle and resort to the black market for their needs. The mom that is buying drugs instead of milk for her kids and the dad buying drugs instead of paying his child support will continue to buy from their illegal dealers because the price is right.

They'll lower the taxes to solve the problem. The taxes were too high, the taxes should be the same as other products.

California considers lower taxes on pot to help new legal industry ...
www.latimes.com/.../la-pol-ca-pot-tax-reduction-california-legislature-20180315-stor...
Mar 15, 2018 - Alarmed that California's fledgling legal marijuana industry is being undercut ... taxes can raise the price of marijuana sold legally by up to 45%, ...

The states have a new source of taxes now.

Supreme Court rules states can legalize sports betting (AND TAX IT)

CA. made $60.9 Million in tax revenue from cannabis industry in 2018 first quarter

"That amount includes state cultivation, excise and sales taxes and does not include local tax revenue collected by cities or counties, the CDTFA said in a news release."

Originally Posted by Judy

They'll lower the taxes to solve the problem. The taxes were too high, the taxes should be the same as other products.

They'll never lower the price enough to undercut the illegal drug trade. There are just too many greedy people, including the state, that want their piece of the 'pot' pie. Furthermore, lowering the price will also make it cheaper for smugglers to black market the drugs in surrounding states that are smart enough not to legalize the drug.

Legalizing marijuana is creating a host of problems that will never be solved unless the legalizing states reverse their course.

Lower tax on the pot and RAISE the tax on gas or something else.

Big shell game with these GREEDY politicians!!!

They will get their tax...you can BET on it.

Meanwhile...now they have millions more people getting stoned that most likely would have never bought the pot.

[QUOTE=Beezer;1598357]Lower tax on the pot and RAISE the tax on gas or something else.

Big shell game with these GREEDY politicians!!!

They will get their tax...you can BET on it.

Meanwhile...now they have millions more people getting stoned that most likely would have never bought the pot.[/QUOT


Not on Gas!

Jerry Brown already hit us with a 12 cent/gallon excise tax

Jerry Brown loses on pot tax...he WILL raise tax on something else.