Sticker Shock Coming With California’s New Cannabis Market

LOS ANGELES (AP) — California’s legal marijuana marketplace is coming with a kaleidoscope of new taxes and fees that could influence where it’s grown, how infused cookies and other munchies are produced and the price tag on just about everything.

Be ready for sticker shock.

On a retail level, it costs about $35 to buy a small bag of good quality medical marijuana in Los Angeles, enough to roll five or six joints.

But in 2018, when legal sales take hold and additional taxes kick in, the cost of that same purchase in the new recreational market is expected to increase at the retail counter to $50 or $60.

At the high end, that’s about a 70 percent jump.

Medical marijuana purchases are expected to rise in cost too, but not as steeply, industry experts say.

Or consider cannabis leaves, a sort of bottom-shelf product that comes from trimming prized plant

... read more at: https://www.leafly.com/news/industry/sticker-shock-coming-with-californias-new-cannabis-market

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