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The Regulation And Taxation Of Marijuana Act

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November,8, 2016 the ballots were dispersed and votes were submitted. Question four on the ballot was known as the “The Regulation and Taxation of Marijuana Act.” The numbers came in and beginning December 15, 2016 in Massachusetts, individuals above the age of twenty-one will now be able to legally purchase, possess, cultivate, and use marijuana, with limitations on quantity, for recreational and medicinal use under the statutes of the state laws. While the prohibition of marijuana in Massachusetts has ended, many new movements must now begin to maintain, regulate, and pursue a positive outcome. With other states that have already passed such laws, such as Colorado, Massachusetts will begin to piggyback off their models. Developing a system that will hopefully come to fruition of all the possibilities and benefits this new law has promised. One of the greatest appeals of this law was the revenue that would be brought in from the sales of products of marijuana. Not only will the Commonwealth be able to implement an excise tax of 3.75%, there will also be an optional local sales tax of up to two percent of the total sales price by the retailer that will be directly applied to the city or town in which it was implemented. All revenue including state taxes, application and licensing fees, and civil fines will be placed in a Marijuana Regulation Fund and distributed for the usage of administrative fees, enforcement officials, and regulation staffing. Administrative fees will

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