How Cannabis Taxation Is Likely To Evolve [121]
Date: Tuesday, January 29, 2019

Time: 1:30 PM - 3:00 PM
Location: The Westin Bonaventure Hotel & Suites
Room: Santa Anita

   Patrick Oglesby, President, Center for New Revenue

Track: Governance, Federal Law, and Emerging Policy
Session Type: Breakout Sessions

Public health policy for cannabis needs a government revenue component, and taxes on cannabis (or profits from government sales) can help arrive at a price for consumers that both modulates consumption and marginalizes the illegal market. However, a lot of current tax schemes are weak, flawed, and rigid. Early, primitive taxes fail when pre-tax prices collapse, and they inevitably will as the market matures. This session will compare cannabis revenue techniques and a variety of jurisdictions' revenue laws, explain why many current cannabis taxes do not serve public health, and evaluate possibilities of improving cannabis revenue laws.

Files & Handouts:
Oglesby Pat Presentation NACS 2019

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