A House committee held a public hearing Monday on a measure to tax medical marijuana dispensaries, an effort to undermine any black market when sale of state-taxed recreational marijuana starts at the end of this year.
The measure would hit dispensaries with a tax equal to 25 percent of their sales of cannabis and cannabis-infused products.
The bill sponsors have said they’re trying to avoid a dual market – one taxed, one not – as the state moves toward creating a regulated system for the fledgling marijuana industry created by Initiative 502.
In November, voters approved the initiative that allows adults over age 21 to have up to an ounce of pot. The state is due to start issuing licenses to marijuana growers, processors and retail stores, with the marijuana taxed 25 percent at each stage.
– Read the entire article at KOMO News.