User Tag List

+ Reply to Thread
Page 2 of 5 FirstFirst 12345 LastLast
Results 11 to 20 of 50

Thread: California pot taxes lag as illegal market flourishes

  1. #11
    Original Ranter
    Points: 482,697, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 99.9%
    Achievements:
    SocialCreated Album picturesOverdrive50000 Experience PointsVeteran
    Awards:
    Posting Award
    Peter1469's Avatar Advisor
    Karma
    416953
    Join Date
    Jun 2011
    Location
    NOVA
    Posts
    146,898
    Points
    482,697
    Level
    100
    Thanks Given
    84,561
    Thanked 67,928x in 46,305 Posts
    Mentioned
    2170 Post(s)
    Tagged
    0 Thread(s)
    Dupe thread
    Molon labe

  2. #12
    Points: 101,531, Level: 77
    Level completed: 61%, Points required for next Level: 1,019
    Overall activity: 54.0%
    Achievements:
    50000 Experience PointsSocialVeteran
    donttread's Avatar Senior Member
    Karma
    78919
    Join Date
    Nov 2013
    Posts
    34,167
    Points
    101,531
    Level
    77
    Thanks Given
    4,969
    Thanked 10,884x in 8,193 Posts
    Mentioned
    213 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Peter1469 View Post
    California pot taxes lag as illegal market flourishes

    If California was ever tough on marijuana growing and distribution before it was legal, I bet California will go all out now that they are losing serious tax dollars because illegal pot appears to have under-bid legal pot.



    Someone once said if you want less of something, tax it.

    That shouldn't happen. How can people take that kind of risk, grow in that secrecy and still undercut legal sources? Greed on someone's part perhaps. I have always said that taxes should be set not to facilitate this. Of course this is also a short term event at this point.
    I heard something really scary about legal pot today. I have not verified it in print yet but was told from a good source that big tobacco is expressing an interest in the pot business. That is not good news! They will almost certainly add addictive chemicals.

  3. The Following 2 Users Say Thank You to donttread For This Useful Post:

    Cannons Front (01-14-2019),Peter1469 (01-11-2019)

  4. #13
    Original Ranter
    Points: 482,697, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 99.9%
    Achievements:
    SocialCreated Album picturesOverdrive50000 Experience PointsVeteran
    Awards:
    Posting Award
    Peter1469's Avatar Advisor
    Karma
    416953
    Join Date
    Jun 2011
    Location
    NOVA
    Posts
    146,898
    Points
    482,697
    Level
    100
    Thanks Given
    84,561
    Thanked 67,928x in 46,305 Posts
    Mentioned
    2170 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Tahuyaman View Post
    Here in Washington the legal weed is not expensive. The illegal market here is pretty much irrelevant.

    California must be screwing it up.
    They are. The tax is around 50%.
    Molon labe

  5. The Following 2 Users Say Thank You to Peter1469 For This Useful Post:

    Cannons Front (01-14-2019),donttread (01-12-2019)

  6. #14
    Points: 74,774, Level: 66
    Level completed: 71%, Points required for next Level: 676
    Overall activity: 6.0%
    Achievements:
    Social50000 Experience PointsVeteran
    Common Sense's Avatar Senior Member
    Karma
    928787
    Join Date
    Apr 2014
    Posts
    35,085
    Points
    74,774
    Level
    66
    Thanks Given
    12,874
    Thanked 13,708x in 9,596 Posts
    Mentioned
    473 Post(s)
    Tagged
    0 Thread(s)
    They should lower the taxes to pull more consumers from the black market.

    ...but still, they are generating tax revenue that will be in the $200 million ballpark for the year that they wouldn't if it wasn't legal and being taxed. Better than nothing.

  7. #15
    Original Ranter
    Points: 482,697, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 99.9%
    Achievements:
    SocialCreated Album picturesOverdrive50000 Experience PointsVeteran
    Awards:
    Posting Award
    Peter1469's Avatar Advisor
    Karma
    416953
    Join Date
    Jun 2011
    Location
    NOVA
    Posts
    146,898
    Points
    482,697
    Level
    100
    Thanks Given
    84,561
    Thanked 67,928x in 46,305 Posts
    Mentioned
    2170 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Common Sense View Post
    They should lower the taxes to pull more consumers from the black market.

    ...but still, they are generating tax revenue that will be in the $200 million ballpark for the year that they wouldn't if it wasn't legal and being taxed. Better than nothing.
    They will probably keep the taxes high and go jack-boot on the illegal market.
    Molon labe

  8. #16
    Points: 74,774, Level: 66
    Level completed: 71%, Points required for next Level: 676
    Overall activity: 6.0%
    Achievements:
    Social50000 Experience PointsVeteran
    Common Sense's Avatar Senior Member
    Karma
    928787
    Join Date
    Apr 2014
    Posts
    35,085
    Points
    74,774
    Level
    66
    Thanks Given
    12,874
    Thanked 13,708x in 9,596 Posts
    Mentioned
    473 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Peter1469 View Post
    They will probably keep the taxes high and go jack-boot on the illegal market.
    Not a great strategy. They've gone after the illegal market for decades with little to no effect on it.

  9. The Following User Says Thank You to Common Sense For This Useful Post:

    donttread (01-14-2019)

  10. #17
    Points: 171,905, Level: 98
    Level completed: 57%, Points required for next Level: 1,745
    Overall activity: 99.8%
    Achievements:
    50000 Experience PointsVeteranOverdrive
    Awards:
    Activity Award
    Tahuyaman's Avatar Senior Member
    Karma
    259217
    Join Date
    Dec 2014
    Location
    Bremerton Washington or Sayulita Mexico depending on the time of year.
    Posts
    75,945
    Points
    171,905
    Level
    98
    Thanks Given
    8,745
    Thanked 28,181x in 21,157 Posts
    Mentioned
    394 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Peter1469 View Post
    They are. The tax is around 50%.
    They will never learn.

  11. The Following User Says Thank You to Tahuyaman For This Useful Post:

    donttread (01-12-2019)

  12. #18
    Points: 171,905, Level: 98
    Level completed: 57%, Points required for next Level: 1,745
    Overall activity: 99.8%
    Achievements:
    50000 Experience PointsVeteranOverdrive
    Awards:
    Activity Award
    Tahuyaman's Avatar Senior Member
    Karma
    259217
    Join Date
    Dec 2014
    Location
    Bremerton Washington or Sayulita Mexico depending on the time of year.
    Posts
    75,945
    Points
    171,905
    Level
    98
    Thanks Given
    8,745
    Thanked 28,181x in 21,157 Posts
    Mentioned
    394 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Common Sense View Post
    They should lower the taxes to pull more consumers from the black market...
    But liberal's said the state's should legalize it and tax the $#@! out of it. They said it would generate billions in additional tax revenues. Are you now saying high taxes is a bad thing?

  13. The Following User Says Thank You to Tahuyaman For This Useful Post:

    Peter1469 (01-12-2019)

  14. #19
    Original Ranter
    Points: 482,697, Level: 100
    Level completed: 0%, Points required for next Level: 0
    Overall activity: 99.9%
    Achievements:
    SocialCreated Album picturesOverdrive50000 Experience PointsVeteran
    Awards:
    Posting Award
    Peter1469's Avatar Advisor
    Karma
    416953
    Join Date
    Jun 2011
    Location
    NOVA
    Posts
    146,898
    Points
    482,697
    Level
    100
    Thanks Given
    84,561
    Thanked 67,928x in 46,305 Posts
    Mentioned
    2170 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Common Sense View Post
    Not a great strategy. They've gone after the illegal market for decades with little to no effect on it.
    Half heartedly. Now that their tax dollars are at stake they are going to step up enforcement.
    Molon labe

  15. #20
    Points: 101,531, Level: 77
    Level completed: 61%, Points required for next Level: 1,019
    Overall activity: 54.0%
    Achievements:
    50000 Experience PointsSocialVeteran
    donttread's Avatar Senior Member
    Karma
    78919
    Join Date
    Nov 2013
    Posts
    34,167
    Points
    101,531
    Level
    77
    Thanks Given
    4,969
    Thanked 10,884x in 8,193 Posts
    Mentioned
    213 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by Peter1469 View Post
    They are. The tax is around 50%.

    Bingo. Greed , stupidity and not consulting with ... me (LOL) or anyone with half a brain , were all mistakes.

  16. The Following User Says Thank You to donttread For This Useful Post:

    Peter1469 (01-12-2019)

+ Reply to Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts


Critical Acclaim
Single Sign On provided by vBSSO