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Marijuana Taxes in Washington Could Get Lowered

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marijuana taxes tax

(via dailyfinance.com)

When Washington rolled out legal recreational marijuana sales last year, a lot of customers got sticker shock. Some of my friends were reporting grams costing $25 and higher. A lot of that was due to the fact that there weren’t many producers operating at the time, so supplies were very low. However, another big contributing factor is taxes. As supplies flooded the market, prices dropped, but they are still around $15 per gram due to Washington’s high tax rate on marijuana. It sounds like there may be some tax relief on the way. Per Marijuana Business Daily:

Washington State recreational marijuana shops have been struggling underneath a heavy tax burden, but state lawmakers could soon deliver some relief – in stages, at least.

A proposed bill being considered by policymakers would reduce the current excise tax structure – 25 percent each time cannabis changes hands, from producer to processor to retailer – to a single tax paid by consumers. According to The Seattle Times, the suggested change would institute a 37% tax, and downgrade that to 30% in July 2017, and then 25% in 2019.

Sales tax would still be collected as well.

The tax rate would be a tremendous boost to the profit margins for businesses. Consumers would carry a heavier burden of the taxes on marijuana, which sounds harsh at face value, but it would result in a cheaper end product so it works out on the consumers end. Businesses would still have to deal with 280e provisions, which dramatically cut into profit margins, but at least they would pay less taxes overall. Thoughts?

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  • Silverado

    I’m surprised you can spell such a complex word there, Ace. But those two (Patty Murray and Maria Whats-Her-Name) are already in DC and boy did you call them right!! Thanks for your effort…

  • God loves Liberals :-D

    You’re a total cunt. Move to Arkansas.

    Hahaha

  • MrMosley

    The prices are insane,why would anyone pay $700 for an ounce at a state run store when you can buy the same ounce for $200 on the street? This is why medical marijuana is going down cause the stores aren’t making what they thought. Maybe if the state would tax weed like everything else people mite go to the stores. I will never spend a dime at these big wig stores, not as long as they charge what they do. $75 for an eigth is just completly looney tunes bonkers crazy. Get your heads outta your butts Washington you can’t compete with the black market when your prices are almost triple.

  • Bongstar420

    People die in agonizing pain refusing to consume cannabis. Its all about belief. You believe in it, they don’t. Also, it doesn’t work for everyone. Neither does Vicoden or Tylenol. I seriously doubt many MMJ users “need” this stuff like they say. Its more an inability to cope which the Cannabis alleviates, not the actual suffering. And any euphoriant can do that.

    The fact is hemp can do most of what MMJ is doing as far as relieving acutal pain goes. Guess why CBD isn’t really that common in MMJ at all. I’m sure it has nothing to do with the lack of euporia.