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Ohio lawmaker, business person, resident react to bill that would increase marijuana sales tax

The article from MSN discusses reactions to a proposed bill in Ohio that would increase the sales tax on marijuana from 10% to 15%. Ohio Representative Casey Weinstein, who introduced the bill, argues that the tax hike is necessary to fund regulatory efforts and to ensure that marijuana remains less attractive than alcohol in terms of taxation. Local business owners and residents have mixed feelings; some see the tax increase as a deterrent to potential buyers, potentially stifling the nascent legal marijuana market, while others believe it could help manage the social costs associated with marijuana use. The bill also aims to allocate funds for education, treatment, and prevention programs related to substance abuse. Critics worry about the impact on small businesses and the potential for an underground market to flourish if legal prices become too high. The debate reflects broader discussions on how to balance revenue generation with public health and economic considerations in the legalization of marijuana.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/economy/ohio-lawmaker-business-person-resident-react-to-bill-that-would-increase-marijuana-sales-tax/ar-AA1zXtUO ]