MSNBC is running a story this afternoon citing numbers from the CFO’s office that DC could stand to make $400,000 in taxation revenue from medical marijuana. So little, I wondered aloud? They provide some justification, including the number that blew my mind just a little bit: they’re saying that medicinal weed will run $350/oz for those eligible to purchase it, and it will be subject to 6% sales tax.
So let’s see:
Tax on Cigarettes, $2/pack.
Tax on Liquor/Beer/Wine, 12%.
Tax on other tobacco products except cigarettes and cigars: 12%.
Tax on Weed: 6%.
Waaaaait a second…I guess it’s just subject to the same tax as other medications, but c’mon now, who expects this just to be used by people with legitimate medical needs?