If we start with levels that low (14%) how much is it going to cost me for a gram of 50% THC ?The levels would actually start at 1%.
But the idea is that the tax is relative to the ACTUAL AMOUNT OF THC that you're buying. Just as with alcohol.
We don't apply the same tax to 26oz of Frooty Tooty Cooler (4%) as we do to 26oz of rum (40%). The tax is pegged to the actual amount of ethanol in each. You can calculate that by multiplying the volume by the percentage. In the case of weed, by multiplying the weight by the percentage. Everything else is manufacturers wholesale price and the usual overheads. I could be wrong, but I don't believe that the government adds surtaxes based on "premium" brands or their manufacturer's prices.
Well,Magoo,I'm curious.
How much (after tax) would you imagine the price ranges would be based on tax on THC content for a 1/8 for example? Where do we start? At 1%? That doesn't sound realistic or reasonable.
How much am I going to pay for this legal weed?