4 ms·
> Taxes on weed in CA are going to be very high, ~20%. This may drive black market sales. The last I heard was that those with a prescription wouldn't have to
by natecavanaugh 9y ago
> Taxes on weed in CA are going to be very high, ~20%. This may drive black market sales.
The last I heard was that those with a prescription wouldn't have to pay the tax, and since it's so easy to get a prescription, at least ATM, I would imagine that would be the first avenue before the black market (heck, I would even say that getting it from friends who grow their own would be a gray market angle that would probably happen before getting it from the black market suppliers).
But I don't know if there have been any changes in the law during this past year regarding taxation for medical patients.
- Stratoscope 9y agoTaxes in Oakland are increasing from 14.25% to 34.25%, and in San Jose they are increasing from 19.25% to the same 34.25%. [1] Medical users with a county Medical Marijuana Information Card (MMIC) are only exempt from a portion of this, the 8.5% sales and use tax. [2] To get an MMIC you first need a doctor's recommendation (typically $40/year). The maximum cost of an MMIC from the county is $100/year, or $50/year for Medi-Cal patients. So to save the 8.5% sales tax, you need to visit a cannabis doctor, wait in line, and pay $40, then visit the county public health department, wait in line again, and pay as much as another $100. If you are a heavy user, this could save you some money, but I have a feeling that most people in California who are currently medical users will simply drop the medical recommendation and buy under the new adult-use rules. [1] https://www.shopharborside.com/adult-use-regs.html https://www.shopharborside.com/adult-use-regs.html (expand the "new taxes" item) [2] https://www.thegreencross.org/newsletter https://www.thegreencross.org/newsletter