Legalization

Statement Regarding Connecticut Democrats’ Proposed Budget, Which Includes Regulating and Taxing Marijuana for Adult Use

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The plan could generate $240 million in new tax revenue in the first biennium

HARTFORD, Conn. — Democratic state lawmakers proposed a budget Tuesday that includes regulating and taxing marijuana for use by adults 21 and older.

In the first year under the proposed plan, adults would be able to purchase limited amounts of marijuana from existing medical marijuana dispensaries, and sales would be subject to a 25% tax in addition to the standard 6.35% state sales tax.

Once the state has licensed adult-use businesses, marijuana would be[…] Read the rest: https://www.mpp.org/news/press/statement-regarding-connecticut-democrats-proposed-budget-includes-regulating-taxing-marijuana-adult-use/