Hoops867

Hoops867 t1_ivznw97 wrote

Yeah, if it's regulated and taxed like alcohol, great all around. Almost every state is looking at it as a cash cow initially that they can and do tax the hell out of and that's bad for the industry in long term.

Even better if it's handled like alcohol in places that can sell it and home production and everything else as well.

In Oregon, beer is taxed less than a penny per beer. Cannabis is taxed 17% by the state and towns can tax it up to an additional 3%.

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Hoops867 t1_ivzdyk1 wrote

I think they were saying it shouldn't be seen as a cash cow, but they did pretty bad at formulating their thought.

It shouldn't be seen as a source of endless money they can just tax more. For more detail on what I said before, California backed off the taxes earlier this year.

https://calmatters.org/politics/2022/07/california-cannabis-tax/

And here is some more info on how cannabis is struggling in California. https://calmatters.org/politics/2022/01/california-cannabis-newsom/

Prices are being driven down, which is good for consumers. On the other end, they tax growers before its harvested and if the crop fails, they already paid taxes on it and have nothing to sell. It's just not a healthy market.

You see the same thing in other states as the market matures. Canada is similar.

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Hoops867 t1_ivz170s wrote

Once it's legalized federally, weed is free to cross borders. They can just order it from California or Missouri or wherever.

It will decimate local producers in states that can't easily grow it outdoors aside from small craft growers that puts out a product people want to pay a premium for. You just can't compete with the price.

The edibles manufacturers might be okay, but concentrate producers might struggle if the local growers collapse for not being able to compete with the price in a federal market.

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Hoops867 t1_iu19qkc wrote

When any group is in power, they'll do whatever they can to hold onto that power.

Democrats won't make it completely neutral either unless they give the power of the decisions to a neutral third party that is able to stay truly neutral. A computer program that draws district lines based on clear and transparent guidelines would be about the only solution I'd trust to be actually fair.

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