Washington Provides Tax Break For Medical Cannabis Users, But Is It Enough?
Thanks to a new state law, Washingtonians with valid medical marijuana cards will now enjoy a reduction in tax on their cannabis, The Seattle Times reports.
Washington State’s 37% tax rate for recreational cannabis ranks among the highest in the nation. For instance, neighboring Oregon’s is just 17%. The new law aims to alleviate the financial burden on medical cannabis users, making an exception on state retail sales tax.
How to Qualify
The new tax break applies exclusively to medically compliant products. To qualify, buyers must be registered patients in the Department of Health’s Medical Cannabis Authorization database. Only products meeting the Department of Health’s standards, including testing for heavy metals and prohibited pesticides, are eligible. Retailers must have a medical cannabis endorsement to provide the tax break.
Patients must be 18 or older to get a medical card, though those under …