High Taxes Rock the Boat for California Dispensaries

Prop 64 allows the State to garner a 15% excise tax on sales. But the State can also collect tax separately from cultivation, which obviously passes on to the consumer. Then there are state and local sales taxes, on top of local use taxes, and while these local taxes fall into variable rates, the end truth is that everyone has their hand out. When you add up the various ways in which government is taking their piece of the pie, taxes on recreational cannabis could go up an estimated 45%.