Proposed tax rates in Schumer’s marijuana reform bill elicit ‘sticker shock’

MJBizDaily
By Jeff SmithJul 28, 2021, 6:30 am513 ptsTop
The draft bill outlining Senate Majority Leader Chuck Schumer’s federal marijuana reform legislation sets a nationwide MJ excise tax that would rise from 10% to 25% over five years, a top rate that industry officials argue would be overly burdensome to operators as well as too high to combat illicit…

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