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originally posted by: TKDRL
a reply to: Hypntick
Lots of people up here brew their own. The government has a monopoly on alcohol and taxes the # out of it. Last time I picked up a 24 pack it was 50 bucks lol...... The same goes for weed, people tried the overpriced garbage at the government shop, then went back to however they got it before. Growing their own or a blackmarket seller. The only people who still buy from the government are people that didn't have a source before it was monopolized, I mean legalized.
originally posted by: underwerks
originally posted by: bigfatfurrytexan
originally posted by: underwerks
a reply to: pexx421
I’ve worked in the legal cannabis industry all over the map and I always get a laugh when people complain about it being taxed. The cannabis industry is the only industry I’ve seen where the tax burden isn’t passed along to the consumers. It’s absorbed by the producers.
For a simple reason. If the cannabis they produce is priced too much higher than black market prices, no one will buy it. They’ll just continue buying off the black market. I’ve seen stuff in Seattle (arguably the most expensive legal market) go for $70 an oz. Not to mention the store wide sales and coupons/online deals that most stores constantly have.
I operate bars in Texas under a Mixed Beverage Permit. This means I have 2 different taxes to pay:
6.7% mixed beverage tax
8.25% beverage sales tax
The 8.25 is passed on to the consumer. The 6.7% is paid by us, and cannot be shown on the reciept (its vendor facing). Which only means that my price point is increased by the 6.7% that I am taxed.
If you think consumers don't see taxes....you just don't understand simple math.
It seems more likely that you don’t understand the cannabis industry and how it operates. In Seattle, there’s a 37% excise tax on all cannabis. Which is supposed to be paid by the consumer and collected at the point of purchase.
37%.
Yet cannabis overall is comparable or less expensive than what can be bought on the street. Why do you think that is? Surely if the consumer was paying the brunt of that tax it would be at least 37% more expensive than it is on the street, but it isn’t.
What happens is that producers price their product to retailers low enough to make up for the 37%. So prices for the consumer stay the same. That’s how it works. The alcohol and cannabis industry don’t operate the same. Two different markets that act differently. You can’t really compare them.
The reason cannabis is so expensive is because it’s illegal. You’re paying for the risk. Once that isn’t a factor in growing and selling it there’s more than enough money for the producers to pay the lions share of what it’s taxed. Because if they don’t and they raise prices to reflect the tax, people will stop buying their products and instead buy them on the street.
originally posted by: TKDRL
a reply to: Hypntick
Lots of people up here brew their own. The government has a monopoly on alcohol and taxes the # out of it. Last time I picked up a 24 pack it was 50 bucks lol...... The same goes for weed, people tried the overpriced garbage at the government shop, then went back to however they got it before. Growing their own or a blackmarket seller. The only people who still buy from the government are people that didn't have a source before it was monopolized, I mean legalized.
originally posted by: [
What do you think, about time, or slippery slope?
I know many friends with chronic pain that are waiting for this.
15 states already legalized it and seem to be doing OK. I don't live in one of those states so if you do,
what do you think? Was it a benefit to your state?