The Tax, Regulate and Control Cannabis Act of 2010:

Section 3: Definitions

For purposes of this Act:

a. “Cannabis” means all parts from plants of the Genus Cannabis, whether growing or not; seeds thereof; resin extracted from any part of the plant; concentrated cannabis; edible products containing cannabis; and every compound, manufacture, salt, derivative, mixture, or preparation of the plant, its seeds, or resin. The terms “Marijuana” and “Cannabis” are interchangeable for the purposes of this Act.

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Section 11302: Imposition and Collection of Taxes and Fees

(a) The Legislature shall create a system for the fair and orderly taxation of commercial production, sales and other cannabis business related activities within one year of the passage of this Act. The rate of taxation shall be initially set at no less than Fifty United States Dollars per ounce of Cannabis.

Do you see the problem here?

2 Responses to “Would you pay $200 in taxes for a stick of green butter?”

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