Why I Think Higher Taxes Could Bolster Illegal Sales

Oaksterdam University Executive Chancellor Dale Sky Jones was recently featured in Rolling Stone for her views on how higher cannabis taxes could bolster illegal sales. 

Here’s an excerpt:

The new year brought new taxes to the cannabis community, with the California Department of Tax and Fee Administration announcing a tax hike on cannabis cultivation starting on January 1, 2022. However, from my perspective as Executive Chancellor of Oaksterdam University, this move could have a detrimental impact on the legal cannabis industry.

We at Oaksterdam have always advocated for a safe, regulated and taxed cannabis market, but we oppose this increase on farmers. The race to extract more fees and taxes, starting with the farmer, has a negative effect on the end consumer, as well as the entire industry. 

Read more here: Why I Think Higher Cannabis Taxes Could Bolster Illegal Sales

Watch the video below or here.