States Wait to See Impact of Tax Rates on Legal Marijuana

Policymakers in Colorado are imposing a 15 percent wholesale and 10 percent retail tax on marijuana transactions. The impact of the tax rate is unclear, Bloomberg Businessweek reports. Washington state will impose a 25 percent excise tax on the production, processing, and final sale of legal marijuana, on top of the state sales tax of 8.75 percent.

In Colorado, the price of legal commercial-grade marijuana has doubled to $400 per ounce since the beginning of the year, when the law legalizing small amounts of recreational marijuana for adults 21 and over went into effect. That is double the price for medical marijuana at state dispensaries. Black market prices for high-grade marijuana range from $156 to $250 per ounce, the article notes.

Full story of expense rates on marijuana at Drug Free

Published by

Will Savage

Quantum Units Continuing Education provides online CEU training's to licensed professional mental health therapists, counselors, social workers and nurses. Our blog provides updates in the field of news and research related to mental health and substance abuse treatment.