marijuana tax rexreational

California to Tax Recreational Marijuana Heavily; Not the Best Idea to Beat Cannabis Black Market

From the moment marijuana was legalized in California, there were expectations that it was going to be a budding business. It has not taken long for most dispensaries offering cannabis experiencing such success. From the Marijuana’s Business Factbook 2017, there is a report that shows the steady growth of the marijuana business in the U.S. The numbers have been increasing steadily with a projection of 45% growth in 2018. It further explains that the industry will generate up to $17 billion annually just in sales. It is the reason you will see more investors going into the marijuana business. The success of pot in terms of sales is thanks to the change in the way people think about using marijuana. Gallup is a research company that has been conducting surveys on cannabis since 1969. They reported that in 2017, about 67% people interviewed favored the legalization and use of marijuana. …

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