Mcda Still Wants 4209, Taxes On Medical Marijuana.

[t-pain]

http://www.mlive.com/news/index.ssf/2016/02/medical_marijuana_sales_could.html

 

Medical marijuana sales could generate up to $63 million annually, report claims

[Willy]

key issue is control and taxes.. just say no!

[mibrains]

http://media.mlive.com/news_impact/other/Medical%20Marijuana%20Economic%20Report_Gary%20Wolfram.pdf

 

you see this guys report?  this Gary Wolframitupourbehind has written?

[t-pain]

didnt read it yet, any highlights?

[outsideinthecold]

Yup, I read it and in my opinion it is a stalking horse for a State controlled tax-revenue collection scheme using medical marijuana instead of legalization.

 

It is Schuette's dream come true, big government medical marijuana taxes to fund a continuing big government Arrest-and-Punishment industry.

 

Call it the NY State model.

 

Who says bipartisanship is dead?

 

Oh yes, please notice the revenue figue assumes sales to only 75% of the current mmj card holders. And less than 10% of the mj consumed in MI.

[semicaregiver]

These folks look like they are spending some serious $ to breath life back into 4209.  Check out the reference to who they hired to place this story...

 

"...according to a press release issued by the Byrum and Fisk public relations firm on behalf of Michigan Cannabis Development Association."

 

Dianne Yvonne Byrum (born March 18, 1954^[1]) is a Democratic politician from the U.S. state of Michigan. She resides in Onondaga Township in Ingham County. She is now a partner with Byrum & Fisk Advocacy Communications, an East Lansing, Mich.-based public relations firm that she founded with Mark Fisk, the former Communications Director for the Michigan House Democratic Caucus.

Byrum has been elected to numerous public offices, most recently as a member of the Michigan State UniversityBoard of Trustees. Prior to that, Byrum served on the Michigan State House of Representatives from the 67th District, where she served as the first-ever woman Democratic House Leader.^[2] Byrum was term limited out of that office at the end of 2006. Her daughter, Barb Byrum, was elected to replace her in the House of Representatives.

Byrum was previously elected to serve two terms in the Michigan House of Representatives from the 58th District, serving from 1991 to 1994. She then served in the Michigan Senate representing the 25th District, from 1995 to 2002. She was also an Ingham County Commissioner from 1983 to 1990. In 2000, she ran for a seat in the U.S. House of Representatives to represent Michigan's 8th Congressional district. She lost to RepublicanMike Rogers by only 111 votes, making it the closest Congressional election in the United States that year.^[3]

Byrum served as spokeswoman for the Michigan Coalition for Compassionate Care,^[4] the organization that successfully passed a ballot initiative allowing the medical use of marijuana in Michigan on Nov. 4, 2008.

She also served as spokeswoman for Reform Michigan Government Now!, a Hastings, Michigan-based group that attempted to reform Michigan's government through a 2008 ballot proposal.^[5]

Byrum served as Treasurer of the Michigan Democratic Party from 2007 until 2009.

[Norby]

It said it would drive down teh cost of products.  Holy shiit I just about busted a gut!!!!!  NY doesn't even have the transport costs, I don't think. Get ready for $350 grams of oil.  Wonder if NY has a tax on meds, if not $380 grams. Yep 7%. tax in NYS

[Greg Rx]

They obviously are not planning on MiLegalize or Abrogate being the law of the land since both would over ride these bills.

[trichcycler]

good point^

[bobandtorey]

Taxing medical marijuana could generate tens of millions of dollars and sustain 10,000 jobs for the state of Michigan, according to an economic impact analysis.

Director of economics at Hillsdale College Dr. Gary Wolfram believes taxing marijuana could rake in between $44.3 and $63.3 million per year for the state.

“It will create a robust economy in the sense that it will make a safe place for people who currently have registration,” Wolfram told FOX 17. Wolfram based his estimates on proposed legislative reforms that would tax medical marijuana dispensaries at 3 percent and patients would pay a 6 percent sales tax.

Wolfram believes if two-thirds of Michigan’s medical marijuana patients buy their product from a dispensary the state will net $44.3 million per year.

If Michigan introduces a system that licenses medical marijuana growers, dispensaries, processors, and distributors and gained a 20 percent increase in registered patients, the tax take could soar to $63.5 million. Wolfram’s analysis was, in part, informed by data from Colorado’s system of legal medical marijuana prior to full legalization in 2012.

“It’s certainly a good number if you’re a state rep. trying to balance the budget right now dealing with Detroit Public Schools or Flint, whatever the latest problem is right now,” Wolfram said. “An extra $40 to $60 million would certainly be helpful.”

But Wolfram concedes increasing taxes could hit the number of medical marijuana patients who buy their cannabis from dispensaries. “There could be some drop-off, but given what we know about … how responsive demand is to price changes in the marijuana industry and other industries like it, it’s fairly inelastic.”

Read more:  http://dailycaller.com/2016/03/01/economist-taxing-marijuana-could-be-michigans-63-million-cash-cow/#ixzz41r0nqnOt

 

[Restorium2]

Taxing medical marijuana could generate tens of millions of dollars and sustain 10,000 jobs for the state of Michigan, according to an economic impact analysis.

Director of economics at Hillsdale College Dr. Gary Wolfram believes taxing marijuana could rake in between $44.3 and $63.3 million per year for the state.

“It will create a robust economy in the sense that it will make a safe place for people who currently have registration,” Wolfram told FOX 17. Wolfram based his estimates on proposed legislative reforms that would tax medical marijuana dispensaries at 3 percent and patients would pay a 6 percent sales tax.

Wolfram believes if two-thirds of Michigan’s medical marijuana patients buy their product from a dispensary the state will net $44.3 million per year.

If Michigan introduces a system that licenses medical marijuana growers, dispensaries, processors, and distributors and gained a 20 percent increase in registered patients, the tax take could soar to $63.5 million. Wolfram’s analysis was, in part, informed by data from Colorado’s system of legal medical marijuana prior to full legalization in 2012.

“It’s certainly a good number if you’re a state rep. trying to balance the budget right now dealing with Detroit Public Schools or Flint, whatever the latest problem is right now,” Wolfram said. “An extra $40 to $60 million would certainly be helpful.”

But Wolfram concedes increasing taxes could hit the number of medical marijuana patients who buy their cannabis from dispensaries. “There could be some drop-off, but given what we know about … how responsive demand is to price changes in the marijuana industry and other industries like it, it’s fairly inelastic.”

Read more:  http://dailycaller.com/2016/03/01/economist-taxing-marijuana-could-be-michigans-63-million-cash-cow/#ixzz41r0nqnOt

Chump change for Snyder to play with. He wastes hundreds of millions and gives the rest to his friends. I don't want to give him one penny more ever. That's why we voted down the tax increase he had on the ballot.