Cannabis operators upset about 5% tax increase in budget agreement | The Mighty 790 KFGO

MORGAN, Minn. – A lot of folks are upset that the budget deal at the State Capitol would raise the tax on cannabis products from 10% to 15%. 

Shawn Weber of the Minnesota Cannabis Growers Cooperative & Industry Council disagrees with House Speaker Lisa Demuth’s statement that our cannabis tax was “very” low. 

“Minnesota’s ten percent excise tax is lower than some states, but it was done intentionally to accomplish the legislative mandate. And that was to support small businesses, dismantle the illicit market, and ensure price parity with street prices,” Weber says. 

Weber notes the additional 5% tax on cannabis is on top of the state’s standard sales tax of 6.875%.