MARYLAND — Governor Wes Moore’s new budget raises the tax on adult use cannabis from 9% to 12%, prompting worries among dispensary operators across the state. Industry leaders say the higher tax could push consumers away from legally regulated cannabis and toward… The post Maryland Adult Use Cannabis Tax Increase Draws Industry Concerns appeared first on TV Delmarva .
MARYLAND — Governor Wes Moore’s new budget raises the tax on adult use cannabis from 9% to 12%, prompting worries among dispensary operators across the state. Industry leaders say the higher tax could push consumers away from legally regulated cannabis and toward the black market. They caution that increased costs may discourage customers from purchasing through legal channels. Some dispensaries plan to encourage customers to obtain medical cannabis cards, which are not subject to the higher tax, as a way to ease the financial burden.
Most of the additional revenue from the tax increase will be directed toward addressing the state’s budget deficit. Meanwhile, new dispensaries are preparing to open later this year despite the changing tax environment.
The post Maryland Adult Use Cannabis Tax Increase Draws Industry Concerns appeared first on TV Delmarva .