Connecticut To Join Massachusetts, Vermont As Higher-Tax State For Marijuana
When Governor Ned Lamont, as expected, signs a bill legalizing marijuana for recreational use in Connecticut, the retail tax rate would be at the high end for states in the Northeast.
Cannabis will be subject to three different taxes in Connecticut: the standard state sales tax, a local tax collected by communities with dispensaries, and an excise tax based on the THC potency of a product.
All told, that adds up to a roughly 20% tax for consumers, according to the Legislature’s research, an estimate confirmed by DeVaughn Ward with the Marijuana Policy Project. His organization opposed the potency surcharge.
“There’s not really a lot evidence to see how it plays out,” Ward said.
But, he said, the overall tax rate should keep Connecticut competitive with its neighbors.