When Washington re-legalized the state took an aggressive approach to taxing cannabis. That heavy tax burden — essentially every move of the plant in the system generated a tax — proved a weight on the new industry. That may be about to change.
The Washington state Senate has approved a bill that would change the current tax structure for recreational cannabis.
As it stands, the system places a 25% excise tax three separate times on marijuana entrepreneurs as products move from the grower to the consumer. The proposed bill, Senate Bill 6062, would remove the multi-layered tax system and replace it with a one-time 37% excise tax on marijuana transactions between retailers and consumers.
More detail at the original post HERE.
[image: Google images “cannabis in Washington”]
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