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ST. PAUL, Minn. – Cannabis Taxes in Minnesota are on the rise.
They’re sitting at 10-percent now, but will go up to 15-percent on July 1, 2025.
The 10-percent rate was from July 1. 2023 to June 30. 2025.
All sales and purchases of taxable cannabis products are subject to the new tax rate.
RELATED: Minnesota issues first cannabis business license
Retail sales of the following products are subject to the Cannabis Tax:
Cannabis-derived products
Flower – harvested flower, bud, leaves, and stems of the cannabis plant
Concentrate and products containing cannabis concentrate
Products infused with cannabinoids, including THC
Hemp-derived products
Items intended for human or animal consumption that contain either:
Hemp plant parts
Hemp concentrate or artificially derived cannabinoids in combination with other ingredients
Lower-potency hemp edibles – THC products intended to be eaten or consumed as a beverage by humans, containing hemp concentrate or artificially derived cannabinoids
Vaping solution products that contain cannabis or hemp-derived products
Substantially similar products
Any product that is substantially similar to vaping solution products, cannabis-derived products, and hemp-derived products is also subject to Cannabis Tax
Those taxes are special cannabis taxes.
Cannabis products are also subject to both the the 6.875% state general rate sales tax along with any applicable local sales taxes based on where the transaction takes place.
“}]] ST. PAUL, Minn. – Cannabis Taxes in Minnesota are on the rise. They’re sitting at 10-percent now, but will go up to 15-percent on July 1, 2025. The 10-percent rate was from July 1. 2023 to June 30. 2025. All sales and purchases of taxable cannabis products are subject to the new tax rate. RELATED: Minnesota issues first cannabis business… Read More
