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February 11, 2018
New Taxes Raising Prices in California
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- When California opened its legalized adult-use market on January 1, some consumers were met with sticker shock.
- With new state and municipal taxes and fees being levied under the program, some Sonoma County consumers found themselves paying up to 42% more for products in 2018.
- In one example, 1/8 of an ounce of flower priced at $25 cost consumers $28.11 with taxes and fees on Dec. 31, 2017, but with new taxes on January 1, the same $25 product cost $39.93.
- Based on New Frontier’s analysis of cannabis demand elasticity, this dramatic price increase raises concerns that the new legal market will struggle to compete against the state’s significantly less expensive illicit market.
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2018 New Look and Features Coming Soon!
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You Asked, We Heard You:
- What conference should you go to this year? Global CannaCal
- 2018 cannabis conference schedules and details, all in one place
- Going global? Start your research with our new International Cannabis Market Guides
- Cannabis market guides for Europe, Latin America, and Asia.
- Concerned about US Cannabis Tax & Regulation?
- Stay ahead with US state, city and county tax and regulatory listings and alerts!
- Hundreds of investment decks, industry presentations, and all of our webinars are now searchable and at your fingertips.
- 15+ new data streams and much more!
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By J. J. McCoy,
Senior Managing Editor, New Frontier Data
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In case you missed it...
Click below to view the Cannabis & Taxes Webinar Recording
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Cannabis data clearinghouse New Frontier Data has made a move to bring hemp into its fold with the acquisition of Denver-based Hemp Business Journal, the firms are expected to announce Wednesday...
Read the full article here >
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Valentine’s Day Gift Guide
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The 5 Biggest Marijuana Acquisitions of All Time: The green rush has led to some monster deals, especially in recent weeks.
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