The measure in Washington State, Initiative 502, will legalize and regulate the production, possession and distribution of marijuana for residents age 21 and older.
The new law will impose a 25 percent tax rate on marijuana when the grower sells it to the processor, when the processor sells it to the retailer and when the retailer sells it to the customer. The measure could bring in $500 million, a figure analysts dispute.
Read more: http://www.foxnews.com/politics/2012/11/07/pot-legalization-measures-top-long-list-state-ballot-initiatives/#ixzz2BWfKNREI
jfc 25% 3x
The new law will impose a 25 percent tax rate on marijuana when the grower sells it to the processor, when the processor sells it to the retailer and when the retailer sells it to the customer. The measure could bring in $500 million, a figure analysts dispute.
Read more: http://www.foxnews.com/politics/2012/11/07/pot-legalization-measures-top-long-list-state-ballot-initiatives/#ixzz2BWfKNREI
jfc 25% 3x