WebIn an overwhelming majority vote of 153-2, the Massachusetts House of Representatives passed a bill aimed at providing sweeping reforms to benefit the cannabis industry and … WebThe total sale price is $324, the total tax paid is $74, and the total tax rate on the transaction is: 24.7%. California: State Retail Excise: There is a 15% marijuana excise tax on retail marijuana sales. Sales Tax: The sales tax is 7.25% and up depending on local options and applies to retail marijuana sales.
Cannabis Tax Revenue in States that Regulate Cannabis for Adult Use - MPP
WebFeb 4, 2024 · Between December 2024 and May 2024, adult-use marijuana brought in nearly $2.9 million in local tax revenue, according to the Massachusetts Department of Revenue, and the following fiscal year ... WebSep 27, 2024 · If you have questions specifically related to licensing or general cannabis questions, please contact the Massachusetts Cannabis Control Commission at (617) … great tit family
Cannabis Law - Davis Malm
WebSep 29, 2024 · Of the state’s cannabis tax revenue, 50% goes to the state’s health plan trust account, 15% goes to youth substance abuse programs, 10% goes towards marijuana education, 5% goes to community health centers, and the remaining revenue goes into a general state fund. In Conclusion... WebFeb 14, 2024 · Recreational marijuana in Massachusetts typically carries a 20 percent tax: a maximum of 3 percent for the pot shop’s local government; 6.25 percent in a state sales tax for public school ... WebJan 25, 2024 · The commonwealth collected more than $112 million in excise tax from recreational marijuana sales in all of 2024, according to data from Massachusetts’ … florida bankruptcy filings search