Quote Originally Posted by Lit Up
Commenters were bitching about the $50 tax, but shit, the prices would ultimately go down from competition. Lower the price of an oz by $50 and just take the loss, not losing that much. And an oz would still cost the same.

Plus electric companies would profit from increased electricity consumption. More water used, nutes, hydro systems, etc. Everyone will make more money except for co ops, but they would have more customers i'd imagine so.....

They said they wanted to lower the price of the weed (street value) by 50% to increase the consumption by an estimated 40%..... then adding the weed tax of $50 a oz would lower it by 10% ......So your $500 oz would cost you $300 with tax....Shit I'm 1000% for that:thumbsup:

Betty Yee, the chairwoman of the Board of Equalization, called Ammiano's proposal "a responsible measure on how to work out the regulatory framework of the legalization of marijuana." Her board's research indicated $1.3 billion in tax dollars could immediately head into the state's coffers from the fee on marijuana and the sales tax on medical pot. She figured the halving of marijuana's street price would cause a consumption increase of 40 percent, but the $50 per ounce levy would cut use by 11 percent.
Now the paper and tree companies wont like their business being taken over by hemp....everyone can write on hemp paper