Cannabis Economy

Alex Cooley returns and shares that the goals in Washington State and the city of Seattle are the same as they’ve been for the last two years. This is the third year running where we’re discussing delivery and consumption. Testing protocols and standards have changed and remain an evolving reality. We’re now up to the basic questions of how are the regulations that have been put in place affecting business. Which brings us to taxes- that’s the large looming issue du jour. The excise tax is now 37% which is actually lower than it was. But that’s still astronomically high. On top of that, local and state taxes-which in Seattle add up to 10.1%- need to be paid. Competing with the black market is tough if you’ve got a 47% surcharge.