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Cannabis industry, cities and counties clash over proposed local excise tax
Summary
SB 5,650 would authorize counties (and cities if counties do not act) to impose a local cannabis excise tax of up to 2% with voter approval; local governments and some municipalities support a larger local share, while industry groups and licensees strongly oppose new taxes citing high existing rates and illicit market pressures.
Staff briefed substitute Senate Bill 5,650, a proposal to allow counties to impose an excise tax on cannabis sales of up to 2% (with cities able to impose the tax if the county does not by a statutory deadline). The Liquor and Cannabis Board would collect the tax on behalf of local governments and could retain up to 1% for administrative collection costs. The bill…
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