Beginning January 1, 2018, two new cannabis taxes apply as follow:
A 15 percent excise tax is imposed upon purchasers of cannabis and cannabis products. Retailers of cannabis and cannabis products are required to collect the 15 percent excise tax from the purchaser based on the average market price of any retail sale and pay it to their cannabis distributor.
A cultivation tax is imposed upon cannabis cultivators on all harvested cannabis that enters the commercial market. Cannabis cultivators are required to pay the cultivation tax to either their distributor or their manufacturer. The rate of the cultivation tax is:
$9.25 per dry-weight ounce of cannabis flowers that enter the commercial market,
$2.75 per dry-weight ounce of cannabis leaves that enter the commercial market, and
$1.29 per ounce of fresh cannabis plant*.
Acts 2:38King James Version (KJV)
38 Then Peter said unto them, Repent, and be baptized every one of you in the name of Jesus Christ for the remission of sins, and ye shall receive the gift of the Holy Ghost.
Genesis 1:29 King James Version (KJV)
29 And God said, Behold, I have given you every herb bearing seed, which is upon the face of all the earth, and every tree, in the which is the fruit of a tree yielding seed; to you it shall be for meat.