“State and local taxes on marijuana could surpass 45% in some parts of California, jeopardizing efforts to bring all growers and sellers into a state-licensed market in January, according to the global credit ratings firm Fitch Ratings.  The report said that increased enforcement may blunt the illegal market, ‘but high taxes may complicate such efforts by diverting in-state sales to the black market.'”

Read more: http://www.latimes.com/politics/essential/la-pol-ca-essential-politics-updates-high-marijuana-taxes-could-keep-black-1509381838-htmlstory.html

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