Document Type
Article
Publication Date
Summer 2024
Abstract
This article aims to provide an overview of the taxation of recreational cannabis in states where it has been legalized for recreational purposes. By delving into the various approaches taken by different jurisdictions, analyzing the economic impacts, and examining the challenges and opportunities inherent in cannabis taxation, we seek to shed light on a topic that is rapidly shaping the future of the cannabis industry and the broader economy. From excise taxes to sales taxes and licensing fees to revenue allocation, the taxation framework surrounding recreational cannabis is a dynamic and evolving landscape. Potential federal excise taxes could further complicate the matter if cannabis were to undergo modifications of legality at the federal level.
Recommended Citation
Norton, A.K., Thompson-Abbott, R. Keener, and Coustasse A., 2024. Examining the Tax Landscape of Recreational Cannabis: Trends and Considerations from the Past 10 Years of Policy. Journal of State Taxation, 42.3: 35-42.
Comments
Available online at https://answerconnect.cch.com/view/document/847ba0ea5b3f428882c9e15c19f9b1d7
Copyright © 2024 Norton, A.K., Thompson-Abbott, R. Keener, and Coustasse A. This article is reprinted with the publisher’s permission from JOURNAL OF STATE TAXATION, a quarterly journal published by CCH Incorporated. Copying or distribution without the publisher’s permission is prohibited. All rights reserved.