Legal cannabis in California made drug $300 million in 2018

This post is also available in: Español  Era de legalización: California California: el mercado de […]
February 25, 2019

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Era de legalización: California

California: el mercado de cannabis más grande del mundo espera generar $4-5 mil millones de dólares en 2018. Mira cómo lo están logrando:

Posted by Medical Cannabis News Costa Rica on Wednesday, July 4, 2018

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California, the world's largest cannabis market, generated around $ 300 million in taxes during 2018, the first year of commercialization in the legal era.

This was announced by the California Department of Tax and Fee Administration the previous week when they released the detailed sales and receipts of this industry during 2018.

The numbers indicate a possible stabilization in the State that has managed to collect more money than others that also legalized cannabis in 2016, such as Nevada, Massachusetts and Maine. Even so, less than the expected total has been collected during the first year that according to the authorities would be $ 655 million.

The reasons have to do with the multiple levels of taxes on producers and the decision of some counties not to give local production permits. Thus each sale has an 8.75% sale, the crop is taxed at $ 9, 75 for each ounce, local taxes to commercial places and offices, and finally, a 15% state tax.

Tax Reinvestment

What are the taxes collected by the states in the countries where cannabis has been legalized? In the case of California, taxes are reinvested in the Bureau of Cannabis Control (agency responsible for regulating the industry), police service, social justice and public health programs.

But this imperious desire of the State to collect taxes is possibly one of the reasons why the industry has taken so long to stabilize. Although, during 2018, companies with greater resources had the approval of the state to make legal sales, most of the actors are still in process and thousands of growers have retired.

That is why some representatives of the industry have introduced initiatives to the congress in Sacramento to reduce taxes. This is the case of the Republican Rob Bonta who requested a pause to the cultivation tax and reduce the state tax for some years.

This would give consumers and producers an incentive to enter the new market. However, the political feasibility is almost nil because a committee majority is needed to pass a law of this type. Also, legislators are looking for more profit and will not achieve it with less taxes.

This year it is projected that they will collect at least $ 419 million in industry taxes.

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This post is also available in: Español

Escrito por: Editores MCN
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SíGUENOS EN INSTAGRAM COMO @MCNGLOBAL

#EditorialMCN: PAC y la mentira de que apoyan la legalización del #cannabis.
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"Pero la verdad es que durante los años que el PAC ha estado en el gobierno, los activistas, cultivadores y consumidores de cannabis han estado altamente reprimidos con todo tipo de actitudes policiales que muestran una persecución inminente. No se puede olvidar que fue durante el gobierno del PAC (noviembre 2020) que la fiscalía encarceló a Mario Cerdas nuevamente por suministrar cannabis a personas cercas enfermas con cáncer. NO por VENDER cannabis como dijo el director del OIJ, Walter Espinoza en cadena de prensa. MCN cuenta con el expediente que confirma esta afirmación.
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Este hecho se dio mientras el ministro de agricultura, Alvarado, anunciaba con bombos y platillos la incursión en la siembra de #marihuana, aludiendo que se trataba de cáñamo.
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Sí, mientras el gobierno anunciaba sus granjas de marihuana, se encarcelaba a un abogado activista no narcotraficante con pruebas obtenidas presuntamente de forma fraudulenta.
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Durante las restricciones y controles policiales por COVID-19 se están deteniendo y procesando a personas por el simple hecho de ser consumidores de cannabis. Algunos policías han estado enviando a consumidores a los tribunales de flagrancia abusando de los procedimientos y catalogando el consumo como narcotráfico. Sí, durante el gobierno del PAC.
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Parece que el presidente no quiere pasar a la historia como la persona que legalizó el cannabis, ahora pasará a la historia como el presidente que hizo las de Pilatos y "se lavó las manos", aún a sabiendas de todo lo que está pasando.
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Editorial completo en la Bio. #costarica🇨🇷
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🇺🇾 Un nuevo dato sobre el estado de la regulación en Uruguay indica que el registro de autocultivadores de cannabis aumentó un 50% en el último año. #autocultivo 🍁
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Link en Bio.
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Esta investigación se desarrolló para identificar el uso de medicamentos de prescripción y los resultados de usar cannabis. 🇺🇸 #medicalcannabis 🍁
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Link en Bio.
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Mientras tanto en Marruecos...🌿😁 ...

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