2018 is seven and a half weeks away, and Californian’s are ecstatic about walking into a shop without a rec to buy weed. The Californian’s who didn’t have a chance to get a doctor’s recommendation or were too afraid to will finally be able to see the inside of a shop and the alluring bud tenders inside, but their excitement will be quelled when they see the prices. With these proposed taxes, the legal market will be slow to get on their feet and the black market will thrive. New reports surrounding the mid-month Bureau roll-out of emergency regulations and tax breakdown paint a dreary picture for legal businesses. With State and Local Taxes combined, consumers are looking at a 45 – 70% hike in their purchases at dispensaries.
Remember that bomb eighth you paid $35 for at your favorite dispensary? Chances are that dispensary won’t be there anymore due to county license restrictions; and you’ll be paying almost double for that same eighth. Oh yeah, and you might want to stock up on those amazing edibles and gummies you nibble on during your Netflix and Chill time, cause they’ll be gone too.
Of all the regulations and policies that will be put forward next year, that is if the counties and incorporated cities actually get their shit together and roll out some terms of their own, my biggest issue is with these new taxes. I understand that there’s a potential to bring in somewhere in the ballpark of $1 Billion, but at what cost?
Unlike all the other states, California has had skin in the game since ’96. The Cannabis Black Market is alive and well, and they’re loving these tax roll-outs. Lets be honest, why would someone go to a legal shop and spend $60 on an eighth, when they could hit up the owners of the shop that closed down for a $35 eighth of better weed? The BCC thinking they can curb that is either a media lie or insanity.
Look, I’m all about recreation for our community and elevating Cannabis Businesses to the legal market; but taxing the hell out of them will only hurt the cause. THIS IS FUCKEN INSANITY. California has seen what other states are doing and incorporating those policies, but once again this state cannot go by those types of guidelines. Cannabis is ingrained into our way of life, and the community won’t break the bank to go legal. The State will be hard-pressed getting away with high-priced legal weed when the consumer has 3 other contacts they can hit up for the same weed at today’s price.
If the Bureau goes through with these tax guidelines, I guarantee you there will be an amendment in the fall or winter of 2018 with a new tax structure. Other states have already dropped the taxes. I’m not sure why California doesn’t see that, but it will be a rude awakening if these policies do come out as planned.