On March 7, Sonoma County voters decide whether to hit local cannabis businesses in unincorporated pockets of the county with annual tax up to 10 percent of revenue. Santa Rosa plans a similar tax, slated for vote in June.
Cannabis growers and other operators who morph from illegal to legal operations and absorb tax burdens at local, state and federal levels will potentially see other operators who stay in black-market shadows gaining competitive advantages. Will they turn in competitors who shirk taxes?
That sticky business conundrum looms over the fast-growing cannabis industry now that statewide voters pushed it out of prohibition into legitimacy and created a taxation target for government.
Source: 420 Intel – United States