Cannabis Products Taxed, Targeted as 'Low-Hanging Fruit' as State Stares Down Deficit

Cannabis products taxed, targeted as 'low-hanging fruit' as state stares down deficit

Minnesota's recreational pot products just got more expensive and the retail market hasn't even launched yet.

Pot tax among highest in U.S.

Minnesota's tax on marijuana and hemp-derived cannabinoid substances increased by 50%, making it among the nation's highest.

Minnesota’s cannabis tax will be one of the highest in the nation

Matt DeLong, Star Tribune A bill approved early Tuesday raises the tax on retail marijuana sales from 10% to 15%. Critics worry the change will fuel the illicit market. In the waning hours of a special session Tuesday morning, the Minnesota Senate gave final approval to a bill that includes a 50% increase of the state tax on recreational marijuana sales as regulators prepare to launch Minnesota’s legal cannabis market in the coming months. The b…

Minnesota's cannabis tax will be one of the highest in the nation after hike - Albert Lea Tribune

In the waning hours of a special session Tuesday morning, the Minnesota Senate gave final approval to a bill that includes a 50% increase of the state tax on recreational marijuana sales as regulators prepare to launch Minnesota’s legal cannabis market in the coming months.

Minnesota’s cannabis taxes will be among the highest in the nation

A bill approved early Tuesday raises the tax on retail marijuana sales from 10% to 15%. Critics worry the change will fuel the illicit market.

MN Lawmakers Approve Marijuana Sales Tax Hike

"Minnesotans already pay a premium tax on retail cannabis products. Raising these taxes even higher will undoubtedly drive prices out of reach for some consumers. This will push consumers back to the unregulated market, thereby undermining the primary goal of legalization." The post Minnesota: Lawmakers Approve Marijuana Sales Tax Hike appeared first on NORML.