Well only a few places opened up. Now for the Taxes...Anyone good at math? How much will a $150 ounce from the grower end up costing the consumer?
Marijuana Taxes
The initiative creates three new excise taxes to be collected by the WSLCB:
Excise tax equal to 25% of the selling price on each sale between licensed producer and licensed processor. Paid by the producer. Excise tax equal to 25% of the selling price on each sale of usable marijuana/marijuana infused product from a licensed processor to a licensed retailer. Paid by the processor. Excise tax equal to 25% of the selling price on each licensed retail sale of usable marijuana/marijuana infused product. Paid by the retailer. This tax is in addition to any/all applicable general, state, and local sales and use taxes, and is part of the total retail price. All funds from marijuana excise taxes are deposited in the Dedicated Marijuana Fund. Disbursements from the Dedicated Marijuana Fund shall be on authorization of the WSLCB or a duly authorized representative.