3 ms·
It seems like the taxes on marijuana are too high. Legal marijuana has taken over about a quarter of the market, which is great because it means a quarter less
by lacker 7y ago
It seems like the taxes on marijuana are too high. Legal marijuana has taken over about a quarter of the market, which is great because it means a quarter less illegal operations like these. But the legal producers could just put these guys out of business if they were allowed to.
Anecdotally, taxes approximately double the cost of marijuana in California. There's some benefit in taxing things that are bad for people, because you discourage the behavior, but it seems like wiping out organized crime by lowering taxes on the legal market here would be a bigger benefit.