50% Tax on Cannabis Sales?
by Cheri Roberts, Challenging the Rhetoric, The Guerilla Media Network
Across the board legalization seems to be the will of America’s majority as states roll out the votes one by one in each successive election regardless of the stupidity going on in D.C.. Legalization isn’t just great for The People, it seems to be the answer to many State to State and Federal fiscal problems.
Many going for the ganj think legalization with taxation is a great idea because it is, but many also do not realize the financial impact some laws — if passed, could have on their own wallets.
The Marijuana Tax Equity Act (H.R. 501) is a current bill that would end the federal prohibition on marijuana. The bill would also impose a whopping 50% excise tax on cannabis sales as well as demand an annual occupational tax on marijuana industry workers.
That doesn’t sound much like an end to pot prohibition. What do you think?
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