Skip to comments.California pot taxes lag as illegal market flourishes
Posted on 01/11/2019 11:11:52 AM PST by familyop
Industry experts say the diminished tax income reflects a somber reality: Most consumers are continuing to purchase pot in the illegal marketplace, where they avoid taxes...Newsom also recommended a sharp increase in spending for regulatory programs, although its an open question whether it will be enough to help steady the state pot economy. The budget recommends just over $200 million for marijuana-related activities in the fiscal year...
HA HA HA HA!
Been waiting for this. Just legalize and let the govt. tax it huh?
The budget recommends just over $200 million for marijuana-related activities in the fiscal year...
Wait, I thought pot was going to raise state money.
One can only laugh to see capitalism at work on a
Imagine what it will be like tomorrow, with the enormous hordes fully affected and their kids from marijuana pregnancies growing to adult size.
Sixteen ounces of cannabis infused mango drink is $31.
State of California Debt Clock
Over $462 billion. Prepare now, then sit back and watch the picture show in the very near future. It’s going to be grand indeed.
Well the answer is obvious. We need even more boots on the ground to go after illegal drugs.
Meanwhile, the war on drugs continues.
Well it IS organic non-gmo....
Only California bureaucrats could manage to screw up selling drugs
Did the increased supply with legalization drive prices down?
Only an leftwing, idiot politician didn’t see this coming. LOL.
So legalization is not stopping drug trafficking or drug crime?
I guess addictive drugs are different from alcohol and prohibition.
no doubt the jail for having un taxed pot is going to be much higher than it was for having illegal pot. Or is untaxed pot also illegal or dealing in untaxed pot is illegal?
So before it was illegal to have pot because the government says it was harmful. Now the government says its illegal to have pot if it is untaxed because, well its untaxed.
Its hard to keep up with nanny state logic.
Seriously: did anyone really think that when you tax something at a high rate, that a black market for the product would not exist?
Only a socialist would think that way.
Now, about that new California ammo tax...
Interesting conundrum for the West coast communists.
The outcome will have major implications for the rest of the states considering legalization.
Better yet, grow your own.
Of course it does. California is going to pot.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.