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RE: CBD Cannabis Hemp - Major USA Chains Stocking CBD Products.
True they are already taxing the black market back in business on the state level... just wait for the feds...
True they are already taxing the black market back in business on the state level... just wait for the feds...
Thank you. It's a jungle. I read the following on the problem -
Javier Montes, the owner of Delta-9 THC in Wilmington, California, told the Los Angeles Times that he must pay a 15% excise tax, a 10% recreational marijuana tax to the city of Los Angeles, and a 9.5% tax in sales to the county and the state.
The excessive taxes and fees could drive up the cost of legal cannabis in some parts of California to as much as 45%, according to credit ratings firm Fitch Ratings. In Oregon, for example, state and local taxes are capped at 20%.
With taxes so high, that means cannabis users stick to the black markets. Not only does that hurt sales for legal cannabis operators, but local and state police must focus on stopping illegal marijuana transactions.
Yes agreed and street prices will go up as dispensary owners lobby law enforcement agencies to focus on it...