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Old 01-28-2018, 09:08 AM
 
Location: Paranoid State
13,044 posts, read 13,865,519 times
Reputation: 15839

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I don't partake... but for me it is silly that the pre-tax price is $450 per ounce for something that quite literally is a weed that grows by itself. We have an amazingly efficient agricultural system -- those efficiencies should make their way to pot so its retail price should approach other agricultural products such as apples, oranges, cucumbers, asparagus, walnuts, kale, and the like.
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Old 01-28-2018, 11:12 AM
 
Location: On the water.
21,737 posts, read 16,346,385 times
Reputation: 19830
Quote:
Originally Posted by SportyandMisty View Post
I don't partake... but for me it is silly that the pre-tax price is $450 per ounce for something that quite literally is a weed that grows by itself. We have an amazingly efficient agricultural system -- those efficiencies should make their way to pot so its retail price should approach other agricultural products such as apples, oranges, cucumbers, asparagus, walnuts, kale, and the like.
How do you feel about the cost of eyeglass frames? ... speaking of something that makes no sense . $0.10 to make. $0.10 to ship. $300 apiece retail.
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Old 01-28-2018, 01:43 PM
 
531 posts, read 758,497 times
Reputation: 276
Quote:
Originally Posted by k81689 View Post
High taxes spark sticker shock for marijuana customers in California


https://www.mercurynews.com/2018/01/...in-california/

Grow your own bushes and profit from your family/friends/inner-circles?


For comparison

https://taxfoundation.org/marijuana-taxes-state/
https://www.leafly.com/news/industry...rates-by-state


Arizona
Medical: 6.6% state tax + 2-3% optional tax in cities

California
Medical: Medical marijuana sales are exempt from the 7.25% standard tax + excise tax
Retail: 7.25% state tax + 15% excise tax
Wholesale: $9.25 per ounce of flowers, $2.75 for leaves

Colorado
Medical: 2.9% state tax
Retail: 2.9% state tax + 10% excise tax
Wholesale: 15% excise tax

Nevada
Medical: 2% excise tax
Retail: 10% excise tax
Wholesale: 15% excise tax

Oregon
Medical: No tax
Retail: 17% state tax + 3% optional local municipality tax

Washington
Medical: 37% excise tax
Retail: 8% state tax + 37% excise tax

CA detail gov link
http://www.cdtfa.ca.gov/industry/cannabis.htm#Retailers

Let's say after flower/leave tax, you got 1 oz $100 worth grass.

People bought 1 oz in LA
$100 x (1 + 15%) x (1 + 9.75%) = $100 x 126.2125%) = $126.2125

So the tax rate is 26.2125% after flower/leave tax in LA.

Last edited by k81689; 01-28-2018 at 02:03 PM..
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Old 01-28-2018, 03:15 PM
 
18,172 posts, read 16,395,091 times
Reputation: 9328
Quote:
Originally Posted by k81689 View Post
For comparison

https://taxfoundation.org/marijuana-taxes-state/
https://www.leafly.com/news/industry...rates-by-state


Arizona
Medical: 6.6% state tax + 2-3% optional tax in cities

California
Medical: Medical marijuana sales are exempt from the 7.25% standard tax + excise tax
Retail: 7.25% state tax + 15% excise tax
Wholesale: $9.25 per ounce of flowers, $2.75 for leaves

Colorado
Medical: 2.9% state tax
Retail: 2.9% state tax + 10% excise tax
Wholesale: 15% excise tax

Nevada
Medical: 2% excise tax
Retail: 10% excise tax
Wholesale: 15% excise tax

Oregon
Medical: No tax
Retail: 17% state tax + 3% optional local municipality tax

Washington
Medical: 37% excise tax
Retail: 8% state tax + 37% excise tax

CA detail gov link
Tax Guide for Cannabis Businesses

Let's say after flower/leave tax, you got 1 oz $100 worth grass.

People bought 1 oz in LA
$100 x (1 + 15%) x (1 + 9.75%) = $100 x 126.2125%) = $126.2125

So the tax rate is 26.2125% after flower/leave tax in LA.
Anyone know what the street price is?
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Old 01-28-2018, 03:37 PM
 
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
44,576 posts, read 81,167,557 times
Reputation: 57813
$212/oz. in Seattle, apparently. I sometimes get offered while walking there but never asked the price.

https://addictionresource.com/drugs/...street-prices/
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Old 01-28-2018, 05:21 PM
 
18,172 posts, read 16,395,091 times
Reputation: 9328
Quote:
Originally Posted by Hemlock140 View Post
$212/oz. in Seattle, apparently. I sometimes get offered while walking there but never asked the price.

https://addictionresource.com/drugs/...street-prices/
Then less than 1/2 of the legal price in CA???????????????

It won't really help the drug cartel issue much at all as illegal pot will go to just under the legal price to draw the customers.
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Old 02-12-2018, 02:41 AM
 
334 posts, read 285,936 times
Reputation: 225
California wants to tax you to death. Until there's nothing of you left.
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Old 02-12-2018, 03:14 AM
 
Location: Norteh Bajo Americano
1,631 posts, read 2,387,016 times
Reputation: 2116
You could just grow your own plants and not pay any tax.
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Old 02-12-2018, 11:18 AM
 
Location: in a galaxy far far away
19,208 posts, read 16,693,063 times
Reputation: 33346
Quote:
Originally Posted by saybanana View Post
You could just grow your own plants and not pay any tax.
And label yourself a small business entrepreneur.
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Old 02-12-2018, 11:57 AM
 
Location: Oroville, California
3,477 posts, read 6,510,983 times
Reputation: 6796
"Don't drink, don't smoke (what do you do?)". Life without a crutch is cheaper and less hassle.
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