A Teaching Moment: California’s High Pot Taxes
It turns out that freedom isn’t free in route to the State’s desire to collect over $1 billion in taxes.
Do higher tax rates affect human behavior? As the nation considers tax reform, according to a report, taxes on pot in California could reach as high as 45% for the consumer.
Combined with the slew of regulations on the way, suddenly the libertarian fervor of buying and selling pot doesn’t seem so, well, free.
The question is: Will those pushing for the sale of pot and those buying, finally get a lesson in basic economics?
Read More at Forbes.com
