By Gregory B. Hladky
11:39 AM EST, December 12, 2012
The bad news, according to state tax honchos, is that Connecticut medical marijuana transactions will be subject to the state's 6.35% sales tax.
The good news is that our medical pot growers will be "engaged in agricultural production" and will thus may qualify for the state's sales tax exemption for equipment and stuff used to grow crops.
And there's even more good news: since Connecticut has legalized medical pot production, distribution and sales through pharmacies, all those things won't get hit with Connecticut's special excise tax on illegal marijuana sales.
Here's the state Office of Legislative Research blurb on the topic.
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