Abstract

http://ssrn.com/abstract=2165864
 
 

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Gangs, Ganjapreneurs, or Government: Marijuana Revenue Up for Grabs


Pat Oglesby


Center for New Revenue

2012

State Tax Notes, Vol. 66, No. 4, October 22, 2012

Abstract:     
The tax rules governing newly legalized marijuana in Washington and Colorado are described and evaluated here, with particular attention to revenue estimates and likely federal reaction.

Washington imposes three tiers of cascading 25-percent taxes.

Colorado caps excise taxes at 15 percent until 2017. Any percentage-based excise tax as well as any additional taxes will require voter approval, which cannot come before next November.

The relatively weak revenue rules of failed 2012 legalization proposals in Oregon and California are also discussed.

Number of Pages in PDF File: 15

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Date posted: October 23, 2012 ; Last revised: November 13, 2012

Suggested Citation

Oglesby, Pat, Gangs, Ganjapreneurs, or Government: Marijuana Revenue Up for Grabs (2012). State Tax Notes, Vol. 66, No. 4, October 22, 2012. Available at SSRN: http://ssrn.com/abstract=2165864

Contact Information

Pat Oglesby (Contact Author)
Center for New Revenue ( email )
1830 North Lakeshore Drive
Chapel Hill, NC 27514
HOME PAGE: http://www.newrevenue.org
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