Showing posts with label Disappointed by Marijuana Tax Revenue. Show all posts
Showing posts with label Disappointed by Marijuana Tax Revenue. Show all posts

Wednesday, January 30, 2019

Disappointed by Marijuana Tax Revenue, California Legislators Propose Rate Cuts – The reduction will not be enough to displace the black market

Disappointed by Marijuana Tax Revenue, California Legislators Propose Rate Cuts – The reduction will not be enough to displace the black market

January 30, 2019 California Legislators Propose Rate Cuts – The reduction will not be enough to displace the black market , Disappointed by Marijuana Tax Revenue 0 Comments

By Reason, Jan. 29, 2019

If legal sales of cannabis fall after a state allows marijuana merchants to serve the recreational market, which is what happened in California last year, it's fair to say that state is doing something wrong. Yesterday California legislators tried to alleviate the problem by introducing a bill that would temporarily cut marijuana taxes so that state-licensed retailers can better compete with black-market dealers.
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