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Industry specific tax set up. Not typical for this state. We actually have fairly low taxes for businesses, no income tax, and effective state and local government. I had no idea that wasn't the norm until we moved out-if-state the first time.
Weed is taxed 25% at each phase. Growers are taxed 25% of what they get for their harvest. Processors are taxed 25% for what they sell the processed product for to retailers. Retailers are taxed 25% on what they sell.
Growers have to pay to have their products tested for potency and moisture level.
That almost-$1mil is just from the grow operation.
Our state directs 40% of the tax proceeds from lot to schools.
Industry specific tax set up. Not typical for this state. We actually have fairly low taxes for businesses, no income tax, and effective state and local government. I had no idea that wasn't the norm until we moved out-if-state the first time.
Weed is taxed 25% at each phase. Growers are taxed 25% of what they get for their harvest. Processors are taxed 25% for what they sell the processed product for to retailers. Retailers are taxed 25% on what they sell.
Growers have to pay to have their products tested for potency and moisture level.
That almost-$1mil is just from the grow operation.
Our state directs 40% of the tax proceeds from lot to schools.
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