With recreational cannabis now legal, some buyers are experiencing sticker shock when it comes to pot taxes.
In some communities, state and local taxes have ballooned to 45 percent for recreational marijuana, but because rates vary from city to city, county to county, the new taxes have created a whole lot of confusion among customers.
Whether you’re buying recreational or medicinal cannabis, the exact final price depends on your store’s local sales taxes and whether it raises prices to match new costs in the supply chain.
If confusion about taxes isn’t enough, information about just where that new money –potentially $1 billion statewide -will go has also been murky.
Here’s a quick look at the new taxes followed by a breakdown of where money generated from the new fees will go: […]