Read the full article at
https://qz.com/1595906/how-much-tax-do-marijuana-businesses-pay/
Here’s a chart Quartz compiled
State | Grower tax, flower | Grower tax, trim | Excise and sales taxes | |
---|---|---|---|---|
Alaska | $50/oz | $15/oz | By locality | |
California | $9.25/oz | $2.75/oz | By locality | |
Colorado | None | None | 15% on sales from grower to retailer; 15% on retail sales | |
Massachusetts | None | None | 10.75% state excise tax; local sales tax capped at 3% | |
Nevada | None | None | 15% on sales from grower to retailer; 10% on retail sales | |
Oregon | None | None | 17% state excise tax; local sales tax capped at 3% | |
Washington State | None | None | 37% state sales tax |
According to the Tax Policy Center, a partnership between the Urban Institute and the Brookings Institution, states with marijuana taxes put a portion of the funds toward the following:
- Alaska steers 50% of its cannabis revenues to its general fund, and 50% to crime reduction programs.
- California uses its cannabis revenues for administrative costs related to legalization, with extra funds going toward economic development, academic studies, and youth programs.
- Colorado earmarks its cannabis revenues for education.
- Massachusetts pays for various public safety programs with the cannabis taxes it collects.
- Nevada uses its cannabis revenues for education programs and to supplement its rainy day fund.
- Oregon finances education and drug treatment-and-prevention programs with its cannabis revenues, with some going to local governments.
- Washington State uses its cannabis revenues for healthcare.