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March 4, 2015

State House bill would cut pot prices

  • It would make state stores more competitive with the black market by replacing the three-tier tax structure with a single 30 percent tax at the point of sale.
    • By GENE JOHNSON
    Associated Press

    With the state Senate passing a bill to regulate medical marijuana, Washington's House of Representatives is preparing its own version of a pot-market overhaul, one that could cut prices at licensed recreational stores.

    The measure, sponsored by Rep. Reuven Carlyle, aims to make the state's legal marijuana stores more competitive with the black market. It calls for eliminating the three-tier tax structure voters approved in Initiative 502 and replacing it with a single excise tax of 30 percent at the point of sale.


     
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