Policy & RegsThe 5 Best Dispensaries in New Jersey
Each US state has different rules and regulations over the industry. One aspect that changes from state-to-state is the tax rate on cannabis sales.
If you’re looking to pay as little as possible for you marijuana, here are the 10 states with highest taxes on marijuana sales:
10. Arizona: 6.6% sales tax
9. New York: 7% excise tax
8. New Jersey: 7% sales tax
7. Nevada: 10% retail tax
6. Maine: 10% retail tax
5. Colorado: 15% excise tax
4. California: 15% excise tax
3. Oregon: 17% sales tax
2. Massachusetts: 17% (10.75% retail tax + 6.25% sales tax)
1. Washington State: 45% (8% sales tax + 37% excise tax)
As you can see Washington State has the most insane taxes at a total of a whopping 45%, with the majority falling in the excise tax. In case you don’t know, an excise tax is a tax levied on a good or service (things like gas and gambling usually fall under the excise taxes), which are then passed onto you, the good consumer. Just by looking at this list you would think that Washington State would have one of the higher prices per ounce but it is actually the second cheapest. Economics!