California, Cannabis, Co Founder discussed on Red Eye Radio Show

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Eight six six nine zero seven three three three nine eight six six ninety red eye welcome and good morning thank you so much for being here gerald find the onestorey ersan somebody of mentioned that the some of the states are looking at the increasing pocked taxes in order to take the burden off of uh of income taxes and other in in states all right uh marijuana dispensaries across california experience longlines on the first day of legal recreational pot sales this from cbs news in california but advocates warned that the legal industry won't survive without big changes uh i'm very happy about it thrilled really the see the legalisation of cannabis in california said steve d'angelo co founder and ceo of harbourside in oakland at the same time on terrified about what's going to happen with these taxes harbourside as benny medical marijuana dispensary for more than a decade is now selling recreational marijuana at a much higher price in our shop here the tax rate is gone from fifteen percent all the way up to almost thirty five percent for adult consumers de angelos said uh here's how the math works there is a regular state sales tax of six percent the county sales tax of three point two five percent there is a fifteen percent state tax on marijuana and a ten percent oakland tax on recreational marijuana total taxes thirty four point two five percent no this is a huge hits and it's going to mean that a significant number of people less of luhn consumers are going to turn to uh to the lower prices.

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