Most & Least Taxing States: 2014

By Rebecca Helmes of Bloomberg BNA - 2014-04-14T23:05:22Z

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Washington will start selling recreational marijuana for adults this year, and users should be ready to pay up. The state plans to impose a 25 percent excise tax at each stage of growing, processing and selling cannabis products. The Washington State Economic and Revenue Forecast predicted that cannabis-related sales will generate $51 million in taxes and fees for the 2015-2017 budget period. Smoking cigarettes is expensive here, too. Washington imposes the sixth-highest cigarette excise tax in the country, at $3.025 per 20-pack. 

*Exemption is $2.01 million.

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