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November Ballots and Taxes Marijuana Per State

by on January 27, 2017
 

The Marijuana Policy Project, a national pro-legalization advocacy group, compiled a breakdown of the allocations for the November 2016 Ballot:

Arizona
– 15 percent tax on retail marijuana sales in addition to standard state and local sales taxes.
– Revenues will first be used to fund any costs of regulation not covered by fees. Additional revenue will be distributed as follows: 40 percent to school districts for school construction, maintenance, and operating costs; 40% to school districts for full-day kindergarten programs; and 20% to the Department of Health Services for public education regarding the relative harms of alcohol, marijuana, and other substances.
– Arizona Joint Legislative Budget Committee analysis estimates $123+ million per year in total revenue, including $55+ million per yer for K-12 education.

California
– 15 percent excise tax on all retail sales (medical and non-medical) in addition to standard state and local taxes (medical patients with ID cards are exempted from standard state stales tax). Licensed growers taxed $9.25 per ounce on flower and $2.75 per ounce on leaves.
– Revenues will first be used to fund any costs of regulation not covered by fees. Directs excise and cultivation tax revenues to the newly established California Marijuana Tax Fund, a special fund. The Fund ensures that the new law is adequately funded and researched and then dedicates the majority of revenue to programs for educating against substance abuse by youth, training law enforcement, and environmental cleanup.
– Campaign estimates more than $1 billion in tax revenue per year.

Maine
– 10 percent total tax on retail marijuana sales.
– Revenues will first be used to fund any costs of regulation not covered by fees. Additional to Department of Education to fund public school construction, maintenance, and operating costs, including teacher pay.
– By adjusting a study by the Tax Foundation, the campaign estimates the tax will generate $15 million per year.

Massachusetts
– 3.75 percent excise tax on retail marijuana sales in addition to standard state and local sales taxes. Localities can impose an additional excise tax of up to 2 percent.
– Revenues will first be used to fund any costs of regulation not covered by fees. Any additional marijuana tax revenue will be re-deposited into the General Fund.

Nevada
– 15 percent excise tax on wholesale marijuana sales plus standard state and local sales taxes on retail sales.
– Revenues will first be used to fund any costs of regulation not covered by fees. Any additional revenue will be used to benefit public education via the State Distributive School Account in the State General Fund.
– An analysis performed by RCG Economics and the Marijuana Policy Group estimates more than $60 million in annual revenue, including about $20 million per year for schools.

Source: Marijuana Policy Project