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By Eli McVey
As Massachusetts lawmakers debate a compromise to the adult-use marijuana law voters passed last November, industry observers are concerned the proposed bill – and a potential doubling of the tax rate on recreational cannabis – may weaken consumer demand for legal MJ and in turn bolster the state’s black market.
But data from existing adult-use states suggests such fears may be overblown. Moreover, it appears a tax increase would actually align Massachusetts with other U.S. adult-use markets.
Marijuana Business Daily conducted an analysis of Massachusetts’ effective tax rate, including all applicable wholesale, excise and state-level sales tariffs
Chart: Fears may be overblown about impact of proposed tax hike on Massachusetts rec cannabis sales is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs