Rhode Island launched sales of recreational marijuana Thursday after legalizing cannabis earlier this year.
The state charges Rhode Island’s 7% sales tax on retail sales, as well as a 10% cannabis excise tax, and a 3% local tax. Recreational marijuana has been legal to possess, use, and grow since May.
The Ocean State is one of 21 jurisdictions that have legalized sales of recreational marijuana to generate additional income or fund public programs. Most of the states apply their general sales tax or have enacted an excise tax on cannabis, with retailers responsible for remitting revenue to the ...
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