Washington Lawmakers Propose Raising Taxes on Higher Potency Weed
Cannabis consumers in Washington state may soon be subject to a “dank tax.” Lawmakers there have introduced a bill that would tax marijuana products based on the percentage of THC. In other words: the stronger the weed, the higher the price. “Research indicates that between 12 and 50% of psychotic disorders could be prevented if high potency cannabis products were not available,” said Washington state House Rep. Lauren Davis, one of the sponsors of the bill, as quoted by local news station KXLY. Davis believes that the measure is necessary to combat what she describes as a “crisis.” “If we fail to act now to counter the emerging public health crisis created by high potency cannabis products, we will soon have another epidemic on our hands,” Davis added. The legislation, House Bill 1641, would restructure “the 37 percent cannabis excise tax to a tax of 37 percent, 50 percent, or 65 percent of the selling price, based on product type and tetrahydrocannabinol (THC) concentration,” according to an official legislative summary of the measure. “[Thirty-seven] percent of the selling price on each retail sale of cannabis-infused products, useable cannabis with a THC concentration less than 35 percent, and cannabis concentrates with a THC concentration less than 35 percent,” the summary read. “[Fifty] percent of the selling price on each retail sale of cannabis concentrates and useable cannabis with a THC concentration of 35 percent or greater but less than 60 percent; and 65 percent of the selling price on each retail sale of cannabis concentrates and useable cannabis with a THC concentration greater than 60 percent.” HB 1641, which had its first public hearing last week, would also establish the following, per the legislative summary: “Marketing and advertising prohibitions on advertising a product that contains greater than 35 percent total THC…
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Source : Washington Lawmakers Propose Raising Taxes on Higher Potency Weed
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