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Medical Marijuana, Inc. Message Board

  • seanv2012 seanv2012 Mar 28, 2013 3:27 PM Flag

    marijuana tax

    Is trending at number 8 on yahoo right now.

    Sentiment: Strong Buy

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    • Washington Times 3/28/2013

      Tax gurus are predicting Colorado and Washington could see big bucks — millions, or even billions — from revenues collected via their recently approved recreational marijuana laws. And other states are starting to take a second look at the potential.

      “I’ve seen some estimates in the high tens of millions, as much as $100 million for [Colorado],” said Colorado Democrat Rep. Jared Polis, in a Politico report. Mr. Polis would like to see a federal law that legalizes the weed around the nation — mostly, because the tax money it would generate could bring a “substantial dent in needed school improvements, particularly in poorer districts,” he said.

      California is paying attention.

      The director of the state’s National Organization for the Reform of Marijuana Laws, Dale Gieringer, said California could see $1.2 billion in tax revenues from legalized pot laws. And the trade could bring in between $12 billion and $18 billion of new business activity in the state, he estimated, in the Politico report.

      Some analysts are asking states to exercise caution, however.

      “This is not a cash cow that can solve anyone’s fiscal problems,” said Jeffrey Miron, a scholar with the libertarian Cato Institute who favors legalizing marijuana, yet still sees flaws with some tax revenue estimate, as Politico reports. “There is a lot of exaggeration about how big the revenue can be.”

      Read more: http://www.washingtontimes.com/news/2013/mar/28/marijuana-trade-could-create-billion-dollar-potent/#ixzz2OwWVmrh6
      Follow us: @washtimes on Twitter

    • yep #1

    • Now at #1 trending at yahoo. Im hungry for a big fat candy bar.

    • Up to number two!

      Sentiment: Strong Buy

      • 3 Replies to cdishaw1
      • Absolutely great news. And the tax is very reasonable. Compare it to gas or alcohol, this tax is certainly doable given the cost of canna and edibles are cheaper in legal states (price per level of thc per gram, etc). Even with the tax the canna products will be cheaper.

        Also remember that mari-j was made illegal based on a law called a "tax act", mari-j was essentially taxed out of social existence. Now it is being taxed back in to society. Very very good news. Much rather give money to the schools than the cartels.

        Check out the video on msnbc about the tax act. It is very PRO mari-j and very well done. We are mainstream and almost everyone mom and dad will want a late night truffle. The adult food, just like adult drinks with alcohol. Time to take this product away from kids, cartels, and tax it to help society as the adults already use it. Strong buy and hold!

        Sentiment: Strong Buy

      • they pay $10+ for a pack of smokes in a few states, so I guess people will pay.

      • Did any of you read what CO wants to do? Tax a ounce at regular state tax rate and add $50 a ounce on for the pot tax, so lets see good bud is now around $400 a ounce, add the state tax and the $50 CO pot tax and your at around $500 a ounce, nobody will buy from stores, it will stay underground like it always has.

 
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