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.