Wholesale Marijuana Tax
What is the Wholesale Marijuana Tax?
Treasury is tasked with the administration of a 24% wholesale tax on the wholesale price of certain sales or transfers of recreational or "adult-use" marijuana beginning January 1, 2026.
When does the new Wholesale Marijuana Tax take effect?
The new 24% Wholesale Marijuana Tax takes effect on January 1, 2026. Therefore, the tax will apply to all taxable sales and transfers of marijuana occurring on and after that date.
Where does the revenue from the new Wholesale Marijuana Tax go?
The revenue generated by the new 24% Wholesale Marijuana Tax is deposited into the neighborhood road fund for infrastructure improvements.