Is Connecticut In A Cannabis ‘Arms Race’ With Massachusetts?
Taxes on cannabis sales in Connecticut are likely to go down this year
Taxes on cannabis sales in Connecticut are likely to go down this year as state legislators consider replacing the state’s potency-based excise tax with a flat rate tax. And lawmakers say those lower prices could help the state compete with the market in Massachusetts.
Meanwhile, north of the border, Massachusetts legislators unanimously passed a bill that would double the legal amount of cannabis flower a person can buy at one time to 2 ounces, double the limit in Connecticut.
Lawmakers in Connecticut say they are keenly aware that many cannabis customers cross state borders for their cannabis needs. With cannabis remaining illegal on a federal level, states have created their own regulatory structures that can significantly impact the success of cannabis businesses — and the resulting tax revenue.
“You could say we’re in an arms race. Truly,” said state Rep. David Rutigliano, R-Trumbull. “Massachusetts has far more outlets, far less taxes. They did things a lot differently than we did here in Connecticut.”
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