California does not need to re-invent the wheel when it comes to creating an effective taxation scheme for recreational cannabis. It has plenty of experience to draw from its vast history of taxing some of the nation’s largest industries. Bethany Brass and Keri Gross, students at Santa Clara University School of Law, wrote a paper that reviews the tax schemes utilized in other CA industries, and those of recreational cannabis markets in other states. It analyzes how some aspects of those models can complement a legal cannabis market in California. Overall, the paper is an effort to express taxation options that aim to drive public policy and can transition cannabis from the black market.
Here’s the link to the paper: