How are taxes on cannabis products determined?

In Wisconsin, taxes on cannabis products are determined by both state and local taxes, as well as any additional taxes imposed by the governing body of the county in which cannabis is dispensed. State taxes are based on the wholesale price of the cannabis product. This means that the higher the wholesale price of the item, the higher the tax rate. The tax rate for cannabis products dispensed in Wisconsin is currently 4.6%. In addition to the state taxes imposed on cannabis products, there are local taxes that are imposed. These taxes are determined by the individual municipality and can vary wildly from county to county. For example, some municipalities may choose to impose a special tax on sales of cannabis, while others may opt for a tax on the gross receipts collected through the sale of the product. Local taxes on cannabis products can range from 0-10%, though this can vary depending on the locality. Finally, counties may chose to impose their own set of taxes on cannabis products. These taxes are in addition to those imposed by the state and local municipality and are usually calculated as a percentage of the sale price. Depending on the county, these taxes can range from 0-6 % of the sale price of the cannabis product. In summary, taxes imposed on cannabis products in Wisconsin are determined by both state and local taxes, as well as any additional taxes imposed by the governing body of the county in which the product is sold. These taxes can range from 0-16%, depending on the locality in which the product is sold.

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