April 7, 2021 – A new ChamberofCommerce.org report shows that the legalized business of selling marijuana is anything but recreational, with nine states currently allowing it amid a patchwork of retail and tax structures. Given the two-fold increase in public acceptance over the last ten years, one can only expect the selling of recreational marijuana to reach dizzying heights in the coming years.
The report not only analyzes the tax amounts and structures of all states legally allowing the sale of recreational marijuana, but also the potential cost to sellers, processors, and dispensary owners.
For example, while Washington levies higher taxes on its sellers than any other state, Alaska and Nevada are the most expensive states for buyers of recreational marijuana.
See all the statistics and conclusions uncovered in the full report: https://www.chamberofcommerce.org/taxing-marijuana-which-recreational-states-levy-the-highest-taxes/
As the recreational marijuana business continues to bloom and government restrictions continue to lift across the U.S., tax and cost structures may be standardized to a degree. At the moment, however, the varying tax differences deserve to be acknowledged not only by those levying them, but by aspiring cannabis entrepreneurs or dispensary owners.
Information for the ChamberofCommerce.org marijuana tax report was obtained via a wide range of resources, including PewResearch, Tax Foundation, and Urban.org, as well as local and state resources that include the Washington State Treasury and Seattle Business Magazine.
About ChamberofCommerce.org
ChamberofCommerce.org is a website dedicated to helping small business owners and entrepreneurs start, market, finance, and grow their businesses. By creating in-depth guides, how-tos, and reviews covering relevant business products, ChamberofCommerce.org hopes to help readers move past the pitfalls that are often to blame for small business failure.
The report not only analyzes the tax amounts and structures of all states legally allowing the sale of recreational marijuana, but also the potential cost to sellers, processors, and dispensary owners.
For example, while Washington levies higher taxes on its sellers than any other state, Alaska and Nevada are the most expensive states for buyers of recreational marijuana.
See all the statistics and conclusions uncovered in the full report: https://www.chamberofcommerce.org/taxing-marijuana-which-recreational-states-levy-the-highest-taxes/
As the recreational marijuana business continues to bloom and government restrictions continue to lift across the U.S., tax and cost structures may be standardized to a degree. At the moment, however, the varying tax differences deserve to be acknowledged not only by those levying them, but by aspiring cannabis entrepreneurs or dispensary owners.
Information for the ChamberofCommerce.org marijuana tax report was obtained via a wide range of resources, including PewResearch, Tax Foundation, and Urban.org, as well as local and state resources that include the Washington State Treasury and Seattle Business Magazine.
About ChamberofCommerce.org
ChamberofCommerce.org is a website dedicated to helping small business owners and entrepreneurs start, market, finance, and grow their businesses. By creating in-depth guides, how-tos, and reviews covering relevant business products, ChamberofCommerce.org hopes to help readers move past the pitfalls that are often to blame for small business failure.
