A new state House bill under consideration in Olympia would significantly increase the tax on marijuana products, depending on the concentrations of THC. FOX13
say they are attempting to address the public health challenges of high-potency cannabis. The bill's summary states that the cannabis excise tax would be restructured into three tax rates based on product type and THC concentration.
A requirement of a 50% tax on the selling price of each retail sale of cannabis concentrates and useable cannabis with a THC concentration of 35% or greater but less than 60%. "These are products that should not be in the hands of youth or minors and that when used improperly, they can certainly cause harm, but it gives us a lot of heartburn and worries us that such a high tax, 60-plus percent on some products, could just feed into the existing black market," said Adan Espino, the executive director of the Craft Cannabis Coalition.
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