Title: San Francisco Suspends Cannabis Tax To Help Dispensaries Compete With Drug-Dealers Source:
zerohedge URL Source:https://www.zerohedge.com/medical/s ... pensaries-compete-drug-dealers Published:Dec 14, 2021 Author:Zachary Rogers via TheNationalDesk.com Post Date:2021-12-14 23:50:34 by Esso Keywords:None Views:121 Comments:3
San Francisco Supervisor Rafael Mandelman, the ordinance's author, said in a statement suspending the business tax on cannabis will help support legal cannabis retailers as they struggle to compete with illegal cannabis sellers.
Cannabis businesses create good jobs for San Franciscans and provide safe, regulated products to their customers,” Mandelman said in a statement published by the San Francisco Examiner. “Sadly, the illegal market is flourishing by undercutting the prices of legal businesses, which is bad for our economy as illegal businesses pay no taxes while subjecting workers to dangerous conditions and consumers to dangerous products. Now is not the time to impose a new tax on small businesses that are just getting established and trying to compete with illicit operators. Illegal sellers of cannabis skirt paying those taxes and are able to offer products at a lower cost, which entices consumers to purchase their product instead of legal sellers.
KPIX News reports the tax itself was approved by voters in 2018 and imposed a 1%-5% tax on gross receipts from cannabis sales. The new ordinance suspends the business tax through December 31, 2022.
Cannabis taxes are insane and should be lowered. Here are the taxes.
Cultivation tax by city. $12 per SqFt per year. State tax 15%
County sales tax 10.25%
City cannabis tax 6%.
Any movement of product between growers to manufacturers to retail gets city tax of 6% added on.
Products have over 30% tax added into the price. Greedy politicians only approve sales in their city to participate in the tax grab.
The light that burns twice as bright, burns half as long. - Dr. Eldon Tyrell
Godfrey Smith: Mike, I wouldn't worry. Prosperity is just around the corner. Mike Flaherty: Yeah, it's been there a long time. I wish I knew which corner. My Man Godfrey (1936)
The light that burns twice as bright, burns half as long. - Dr. Eldon Tyrell
Godfrey Smith: Mike, I wouldn't worry. Prosperity is just around the corner. Mike Flaherty: Yeah, it's been there a long time. I wish I knew which corner. My Man Godfrey (1936)
The light that burns twice as bright, burns half as long. - Dr. Eldon Tyrell
Godfrey Smith: Mike, I wouldn't worry. Prosperity is just around the corner. Mike Flaherty: Yeah, it's been there a long time. I wish I knew which corner. My Man Godfrey (1936)