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Montana Eyes New Marijuana Sales Tax

Montana Considers New Marijuana Sales Tax

admin by admin
February 6, 2023
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Gallatin CountyMontana’s most populous county is considering a new marijuana sales tax that would likely increase the prices of recreational and medical marijuana products.

Cannabis products became legal in Big Sky Country on January 1, 2022. The Montana Cannabis Control Division points out that there are stipulations that the resident must comply with:

…adults 21 and older may possess and consume up to one ounce of marijuana without criminal penalties.

However, the use and possession of marijuana (including medical marijuana) remain prohibited in public places and elsewhere. It is also prohibited by federal law on all federal lands and waters.

Marijuana (except medical marijuana) is prohibited in hospitals and other health care settings.

Operating a motor vehicle while under the influence of marijuana remains illegal.

According to the Bozeman News Network KBZK 7, this is the second time the ballot tax has been put to the vote in Gallatin County. A certification issue in June led to the annulment of the results.

There are mixed feelings about the cannabis tax, with Elliot Lindsey, owner of Grizzly Pine, telling the outlet that “it’s frankly illogical.”

He went on to say, “Every dollar we pay in taxes is a dollar we can’t pay our employees, which is a dollar they can’t use to pay rent.”

Local communities, however, see the proposed 3% sales tax as a good source of revenue, although dispensaries would likely be forced to raise prices to cover costs.

“We have a lot of sales in the county. We’re going to be the highest sales county in the state, so we thought it was probably a good question to ask people if they’d like us to capture some of that tax,” said Gallatin County Commissioner Scott MacFarlane.

This is not the first time that taxes on marijuana products have caused division in a US state. Over the summer, many legal marijuana growers in California claimed that their industry was “being taxed out of existence” On the west coast.

At that time, the Washington Post He shared specific anecdotes from small-scale cannabis growers, who admit they are “on the verge of death” following the legalization of marijuana in the Blue State nearly six years ago. One farmer, Drew Barber, 48, shared with the Mail that “it’s not making it,” after the price of its product dropped from $1,200 a pound to around $400 a pound.

As for Gallatin County, voters will have the opportunity to decide whether or not they want a new marijuana sales tax on November 8.

What do you think about Montana considering a new cannabis tax?

You can also enjoy:
– Supreme Court grants Trump’s wish and temporarily delays release of tax records
– India’s ‘Pizza Toppings Tax’ leads to bizarre legal battle
– IRS, Multiple Departments Jail Drug Dealer for 23 Years

Tags: ConsidersMarijuanaMontanasalesTax
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