Supplemental Thoughts About Revenue from Marijuana in Vermont

30 Pages Posted: 17 Jan 2015 Last revised: 20 Jan 2015

Date Written: January 16, 2015

Abstract

This document is a supplement to a study by the RAND Corporation for Vermont. It represents the views of the author alone, and not of RAND or of the study's other co-authors.

It looks at several issues associated with marijuana revenue. First, who might get a break on marijuana taxes? Possibilities include medical card holders, home growers, buyers of favored products, growers that use natural sunlight, and small or large businesses. Second, how much tax can the marijuana market eventually bear? Third, who pays marijuana taxes – (what is the collection point?) – for three possible tax bases, weight, price, and THC potency? Fourth, what other issues might loom?

Keywords: tax, excise, marijuana, alcohol, tobacco

JEL Classification: A13, D40, E61

Suggested Citation

Oglesby, Pat, Supplemental Thoughts About Revenue from Marijuana in Vermont (January 16, 2015). Available at SSRN: https://ssrn.com/abstract=2551029 or http://dx.doi.org/10.2139/ssrn.2551029

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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