A Teaching Moment: California’s High Pot Taxes
Do higher tax rates affect human behavior?
As the nation considers tax reform, according to a report, taxes on pot in California could reach as high as 45% for the consumer. Combined with the slew of regulations on the way, suddenly the libertarian fervor of buying and selling pot doesn’t seem so, well, free.
The question is: Will those pushing for the sale of pot and those buying, finally get a lesson in basic economics?
