Many states are sacrificing the long-term health and sustainability of the legal cannabis market for theoretical short-term gains reaped by sky-high taxes.
Tag: taxes
“Cannabis re-legalization is a work in progress. But it’s here to stay and by and large, it’s a process we’re getting right.”
“While wisely resisting calls to recriminalize cannabis, the editorial board nonetheless fails to make appropriate distinctions between regulated and unregulated marijuana markets.”
The following primer seeks to provide clarity to frequently asked questions surrounding cannabis rescheduling and its policy implications.
“Raising taxes on adult-use cannabis products will escalate prices out of reach for many consumers. It will also hurt state-licensed businesses and their employees because it will increase their costs and reduce their customer base.”
“California NORML is proud to have taken a leadership role sponsoring this bill. Cannabis is already heavily over-taxed relative to comparable products like beer, wine, and tobacco in California.”
Absent cannabis descheduling, those who produce, dispense, possess, or use marijuana in compliance with state laws could still face federal prosecution for violating federal drug laws.
Regulators had anticipated launching adult-use sales in early 2025, but the rollout faced numerous delays.