Minnesota's cannabis tax will be one of the highest in the nation
Briefly

Minnesota's cannabis tax will be one of the highest in the nation
"The Minnesota Senate gave final approval to increase the state's tax on recreational marijuana sales by 50%, preparing for the legal cannabis market launch."
"Changes to the cannabis law are expected to generate over $200 million in additional by increasing the tax from 10% to 15%, among the highest in the nation."
The Minnesota Senate has approved a significant increase in the recreational marijuana sales tax as the state gears up to launch its legalized cannabis market. The tax rate will rise from 10% to 15%, transitioning Minnesota from one of the lowest to one of the highest cannabis tax rates in the country. This change, anticipated to generate over $200 million in additional revenue within four years, is part of a budget strategy put forth by Governor Tim Walz amidst concerns over a future budget deficit. The bill is pending the governor's signature.
Read at www.mercurynews.com
Unable to calculate read time
[
|
]