Marijuana tax in California could rise to 45 percent

The tax on legal cannabis in California is expected to skyrocket by the start of the year 2018, a new report suggests.

Starting in January 2018, consumers, growers, sellers and businesses in The Golden State may be permitted to pay as much as 45 percent in local and state taxes at the time recreational marijuana sales kick off.

The state plans to treat the new system similar to liquor sales – by permitting persons aged 21 and up to acquire as much as an ounce of cannabis and legally grow up to six plants at their place of residence.

The tax on legal cannabis in California is expected to skyrocket by the start of the year 2018

In January, cannabis consumers, growers, sellers and businesses in The Golden State may be permitted to pay as much as 45 percent in local and state taxes

In some parts of the state...

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