We have had several posts about marijuana laws around the nation. A recent report from the Tax Foundation says recreational marijuana taxation is a hot policy issue and, along those lines, that many states tax & regulate it. In addition, last year President Trump signed an executive order directing the U.S. Attorney General to expedite reclassification of marijuana from a Schedule I to a Schedule III drug under the Controlled Substances. The map below shows those states that have nullified the federal prohibition to establish a legal recreational cannabis market subject to an excise tax.
“Nearly half of US states regulate and tax recreational markets, and only 10 states still lack a comprehensive medical marijuana program. A few states have decriminalized possession but have not allowed for the cultivation or sale of marijuana, sometimes due to gubernatorial vetoes or court rulings blocking legalization.”
Click here to read the full report at the Tax Foundation.
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