April 14, 2019

Connecticut Post: Pot Tax Rate Key to Driving Down Illegal Market in Conn.

media mention

But potency-based taxation requires good laboratories and technology to accurately test THC levels, said Uetake who teaches marketing at Yale’s School of Management.

“Reliability and replicability of testing remain problematic,” wrote Carl Davis, Misha E. Hill and Richard Phillips of the Institute on Taxation and Economic Policy in a 2019 policy paper. “Cannabis testing laboratories lack the regulation and oversight that most other public health and safety labs require. Thus, there is not yet an industry standard and testing results may vary.”

Economists also recommended Connecticut be prepared to raise its tax rate later. Read more