Sticker shock coming with California’s new legalized marijuana market

Fellowship of the Minds

mafia

Government is going to be in charge. What else would you expect to happen?

From ABC News: California’s legal marijuana marketplace is coming with a kaleidoscope of new taxes and fees that could influence where it’s grown, how pot 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 pot purchases are expected to rise in cost too, but not as steeply, industry experts…

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