AUGUSTA – A bill in Augusta could change the excise tax on recreational marijuana once such stores open in Maine.
The legislation would change the excise tax from being based on quantity to a tax based on a percentage of the average market price.
Those in favor of the bill say the current tax is too high and would be bad for adult use retailers when pot retail stores open up.
“The high taxes will definitely encourage the black market. Because, again, people will go where it’s the best deal. People are not going to spend $20 on adult use cannabis when they can get it on the black market for $10,” said Legalize Maine President Paul McCarrier.
Now the bill heads to the full legislature for consideration.