As you know, each year more states legalize recreational cannabis. A recent Marijuana Business Daily article looked at the effect recreational cannabis has had on state’s pre-existing medical marijuana markets. According to the chart, which includes Colorado, Oregon, Massachusetts, and Nevada, there’s a clear decline in the market after the legalization of recreational. The main contributor seems to be the difference in tax. Medical customers pay the standard tax rate, while recreational customers pay taxes ranging from 10% to 17%.
Quick Hits: Recreational vs. Medical Cannabis in States That Have Both
Here’s a look at how the legalization of recreational cannabis has affected pre-existing medical marijuana markets.
Nov 8th, 2019