Massachusetts finally began allowing recreational marijuana sales a few weeks ago, almost a year later than originally planned. And while the state may have dragged their feet in the process, they’re certainly more than happy to spend that cannabis tax money, writes Joseph Misulonas.
Boston.com broke down how the state of Massachusetts plans to spend their cannabis tax revenue. Currently Massachusetts imposes a 17 percent tax on cannabis sales, and local governments are also allowed to add an additional three percent tax as well. The state also projects that in the fiscal year of 2020 (which begins next July) that they should collect between $93 million and $172 million in marijuana tax revenue.
The Massachusetts marijuana tax is split into two parts. The first part is a 6.25 percent sales tax. The tax revenue from that sales tax goes into the state’s general fund, which means it can be spent on whatever