Babaamaajimowinan (Telling of news in different places)

Study: Minnesota missing out on millions in tax revenue by not taxing THC products

Minnesota is missing out on up to $46 million in revenue by not having a special tax on legal THC products, according to a University of Minnesota Duluth study.

Looking at states that have legalized recreational marijuana, the university's Bureau of Business and Economic Research found Minnesota will miss a minimum of $5 million and "possibly closer" to $46 million in revenue in 2023.

"The bill that legalized edibles in Minnesota does not have much in place for the state to reap these benefits," the study said. "The question is, why was the tax not considered?"

https://www.startribune.com/study-minnesota-missing-out-on-millions-in-tax-revenue-by-not-taxing-thc-products/600207170/

 

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