What is happening here is that different states are changing how they tax legal recreational marijuana. This is because how they tax it affects both how much money they make from it, and also how easy it is for people to buy it legally instead of from the black market.

Minnesota and Ohio are trying something new by taxing the sales of marijuana at a 10% rate. This is a type of tax that’s easy to understand and apply, but the problem is that if the price of marijuana goes down over time (which is likely as the market matures and production costs decrease), then the amount of money the state makes from the tax also goes down.

California and New York have both made significant changes to their tax systems for marijuana. California used to tax the wholesale price (the price paid by retailers), but now they are taxing the retail price (the price paid by consumers). This change is expected to make tax collection easier and more transparent. New York, on the other hand, has moved away from a complex tax system based on the concentration of THC (the active ingredient in marijuana), and instead is now using a simpler 9% tax on the retail price.

All these changes show that states are still figuring out the best way to tax legal recreational marijuana. As the industry continues to grow and change, it’s likely that more adjustments will need to be made in the future. Read from source...

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