Opinion: Californians should not be helping bankroll the cannabis industry

led to increased emergency room visits, poisonings, mental health problems, and vehicle and work-related injuries. Politicians work to lower taxes on marijuana while the state spends millions of taxpayer dollars to ameliorate the problems that it causes.The editorial bemoans the fact that “California isn’t anywhere close to” reducing the black market sales of cannabis and Newsom’s failure after five years to fix it. As you state, “illegal cannabis products cost half as much as legal ones.

The state excise tax on cannabis is 15 percent. The state sets the retail price of cannabis at 75 percent higher than the wholesale price. Counties and cities add their own taxes. Local governments severely restrict the number of legal retailers, so limited legal supply adds to the price. Pro-cannabis state lawmakers want to sharply slash the tax burden but face opposition from the Service Employees International Union over potential cuts to services the taxes fund.

Cannabis should be taxed and regulated at the same rate as alcohol. Then we might put a dent in the black market.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Guest opinion: Birmingham-Southern College is a good investment for AlabamaBirmingham-Southern College 'is vitally important to our economy,' write state Sens. Rodger Smitherman, a Democrat, and Jabo Waggoner, a Republican, in a joint opinion piece. Good investment for who? BSC has shown an inability to manage money. Why should the taxpayers foot the bill for a private school? Doesn’t seem right. How about we make them a loan on ALL of the same terms as that of a student loan…interest rate, non-dischargability in Bankruptcy, repayment terms, etc. . . Fair. if they can't make it on their own, there are other schools that will accept the students.
Source: aldotcom - 🏆 82. / 68 Read more »