CA weed tax hike, Canna stocks tanq

Big Sur

Well-known member
Motley Fool on California tax hikes increasing and leading to increased black market sales, and Cannabis stock tanking since early last year

https://www.fool.com/investing/2019/11/24/no-joke-california-will-increase-its-cannabis-tax.aspx

Again, while estimates vary, this suggests that the typical Californian cannabis user could be facing a tax rate of between 45% and 80%, once these new increases go into effect on Jan. 1, 2020.

Since the end of the first quarter, virtually no pot stocks have moved higher. Not only are most marijuana stocks down, but most have lost half or more of their value. This train wreck...
 
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