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%.
Saint John will host World Cannabis Congress in June, bringing together business leaders from around the world to discuss the opportunities from the legalization of cannabis.
Research suggests CBD may reduce chronic inflammation and pain, and users have also reported a reduction in anxiety, mood symptoms and insomnia.
Studies have also suggested benefits in the treatment of Alzheimer’s, arthritis, cancer and epilepsy, with research ongoing.
Under California’s legalization legislation, however, cannabis businesses are required to pay taxes on all products, including donations and samples. There’s no way to dodge it: the law has implemented a track-and-trace system designed to follow all flower and cannabis products through the supply chain from cultivation to sale.
“Far from being a gateway drug, marijuana is potentially an exit drug for people using opioids,” said Melissa Moore, deputy state director of the Drug Policy Alliance, which supports the bill.
The Government’s bill instead creates a legal defence for possession and use of cannabis if someone is in the last year of their life, without out and out legalising it. It would remain an offence to provide marijuana to a terminally ill person.
Born in New York, he was drafted in the late 1960s to serve in Vietnam, where he first encountered cannabis, according to media reports his brother posted on Facebook.
Greece is taking advantage of its warm climate to cultivate pot and create more than 2,000 jobs