The Growing Truth About Cannabis
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Wow. I love when there are videos like this man. I sometimes forget this is going on. I rarely see anything about cannabis but manage to catch everything the media puts out, which isn’t much. I love coming here and actually getting some news.
Im concerned about the $300 an OZ tax that is suggested here. Is that what we are comming to? Are we going to settle for a heavy taxed system of regulation just to get some legal headway? Im just saying, it really threw me off to hear that come out of Keith’s mouth.
I would like to see this Bill and see what they are planning on taxing and such. Looking for it now.
False information:
The maximum excise tax rate is $250 upon an ounce of Grade A (10% THC or more). Cannabis sales are exempted from the state’s 6.25% sales tax.
Cultivation by adults for their own use and distributed as a gift are exempt from licensing, excise tax and of course sales tax and would not be a crime.
In the black market the cost of such produce is well over $300 an ounce.
You can read the entire bill here:
http://www.mass.gov/legis/bills/senate/186/st01pdf/ST01801.PDF
I, too, shake my head in utter disgust when I hear these prices.
I wouldn’t oppose support for legalization over a high tax, or price, though. I would just support the tebaggers and work to get the tax lowered. LOL