Pot Panel on Beacon Hill Seeks Balance on Taxing Drug

BOSTON (AP) — The head of a legislative committee reviewing the state’s new recreational marijuana law says he hopes to find the “sweet spot” when it comes to taxing legal sales of the drug.

Democratic Rep. Mark Cusack of Braintree said during an interview on WBUR-FM Tuesday that the tax rate should be high enough to raise sufficient revenue for the state, but low enough to keep buyers away from the underground market.

The voter-approved law currently calls for a 3.75 percent excise tax on pot sales that would be assessed on top of the state’s regular 6.25 percent sales tax. Cities and towns could also assess an additional 2 percent tax.

Cusack and Sen. Patricia Jehlen, a Somerville Democrat, are chairing the panel that is weighing other potential revisions to the law.

About CapeCod.com NewsCenter

The award-winning CapeCod.com NewsCenter provides the Cape Cod community with a constant, credible source for local, regional, and national news. We are on the job seven days a week. You can also hear the CapeCod.com NewsCenter by tuning into Ocean 104.7 FM.


More From CapeCod.com