More idiocy, let's just kill the goose that is trying to lay golden eggs... [View all]
"A coalition of nearly 60 nonprofit leaders is proposing increasing pot taxes to fully fund child care for low-income youth as well as substance abuse programs, according to a letter sent last month to Gov. Gavin Newsom, as well as the state Senate president pro tem and the state speaker of the Assembly. Lynn Silver, a program director at the Public Health Institute and a signatory on Februarys letter, said in an email to SFGATE that pot taxes are not too high and increasing tax rates would benefit the state by increasing investing in necessary programs.
The letter is now setting up a fight with the cannabis industry and some economic experts, who say raising tax rates will have the opposite effect: further reducing overall cannabis tax revenue by making legal cannabis more expensive and driving customers to the illicit market, where they dont pay any taxes at all."
Idiots.
https://www.sfgate.com/cannabis/article/major-coalition-calls-calif-increase-cannabis-tax-18938996.php