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Cannabis Regulations Incoming
Introduction:
Today’s podcast I’ll be discussing upcoming regulations and tax increases on vapes including various pieces of cannabis news today all of which are a collection of topics I’m interested in all the time and if you are too consider sticking around.
Starting from the top we have a tax increase incoming effective July 1st, 2022 it’ll add a pretty penny to your weekly disposable vape purchases, it was already passed months ago and will be adding at the retail level an additional 12.5% per transaction meaning the total sum of your purchase when you are in store.
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This tax seems extreme since down the road there is planned regulation to ban all flavored tobacco period, that ballot is on the list for November of this year for the state of California. Though a state wide ban is scheduled to be voted on there cities already making the transition such as today’s top vape headline was the city of San Diego banning all flavored tobacco including menthol.
It seems the decision has already been made even before having an opportunity to vote on it in November of 2022.
This would ofcourse destroy the industry and the grassroots it came from leaving room for just the big boys.
Some of todays top headlines for news now were from Washington state making big changes to the word marijuana and a piece out of West Virginia talking about the difficulties of identifying what is hemp and what is actually marijuana as stores are flooded with new hemp derived merchandise.
All this and more in today’s The Daily Dose thanks for watching or listening and please have a wonderful day.
FAQs
What is the upcoming tax increase on vapes and when will it be effective?
What is the planned regulation regarding flavored tobacco, and when is the vote scheduled for California?
What recent action has the city of San Diego taken regarding flavored tobacco?
How are Washington state and West Virginia addressing marijuana-related issues?
What potential impact could the ban on flavored tobacco have on the industry?
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