States rush to legalize recreational pot, even as evidence of its harms grows.Read More
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Advocates frequently argue that marijuana should be legalized as a source of new tax revenue. But considering that most marijuana is smoked by low-income individuals, such a tax would be regressive in nature. Increasing harmful consumption taxes on poor communities does little to advance social equity.Read More
A nationally representative online survey of 16,280 U.S. adults found that many ascribe health benefits to marijuana that haven’t been proven, researchers report in Annals of Internal Medicine.Read More
Despite promises that legalizing marijuana would kill the black market and tax revenues would fill state and local coffers. The black market is thriving, and the promised taxes are not being seen. The industry’s solution: they’re about to pass a bill to reduced excise tax on marijuana products from 15% to 11% and suspend the tax on marijuana cultivation (until Jun 1, 2021). This should only come as a surprise to people who failed to read the text of Prop 64 where it says tax can be cut all the way to zero to ensure the industry is thriving.Read More