The Washington State House of Representatives is considering a bill (HB 1641) that would enact a tiered tax on cannabis products, with the rate depending on the THC concentration.
The main purpose of the HB 1641 bill is to address public health challenges posed by high-potency cannabis, and it could also be used to protect younger people from purchasing these products.
The proposed tax rate varies depending on the product type and THC concentration, with varying percentages of 37%, 50%, and 65%. There is some concern that this tax could drive customers away from legal cannabis stores and into the black market.
Advocates of the bill say it will help reduce access to high-potency cannabis for minors and will help generate revenue for the state.
To read the complete article, go to www.thechronicmagazine.com
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