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California Plans to Hike Tax on Legal Marijuana, Threatening New Market With Rapid Extinction
we discussed this issue yesterdayCalifornia plans on increasing business tax rates on legal marijuana in 2020, which will hurt struggling companies that have trouble growing profits in the state’s toxic regulatory environment. Hefty marijuana taxes that can approach 50 percent in some communities have been blamed for pushing shoppers into California’s tax-free illegal market, which is thriving. Industry analysts estimate that $3 are spent in the illegal market for every $1 in the legal one. Posted by: g(r)omgoru 2019-11-29 |
| http://www.rantburg.com/poparticle.php?ID=556721 |