Cannabis taxes can be a pain in the pocketbook, but they keep marijuana legal and well regulated. Tax rates vary dramatically from state to state. Many states tax medical marijuana at a minimal level or not at all. Adult-use states tend to tax non-medical cannabis at so-called sin tax rates, 20% to 35% and higher, much like alcohol.
For some medical patients in adult-use states, it can be easier to buy non-medical cannabis products and skip the hassle of getting or renewing a medical card. For others, a $50 or $100 med card renewal may save them thousands in adult-use cannabis excise taxes.
An excise tax is a tax on a specific product—in this case, cannabis. Many states levy a marijuana excise tax in addition to the regular state sales tax. Some…
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