It’s likely that new markets like recreational marijuana and sports betting will continue to grow as legalization and innovation continue, but the structure of excise taxes could dictate where and how that growth occurs.

This has raised important questions as policymakers debate how best to enact or fix excise taxes:

• How should excise taxes be structured so as not to stifle growing industries or push participants into the black market?
• How much will these new taxes raise, how stable will collections be, and are there better or worse ways for governments to allocate the revenue?
• To what extent are different excise taxes effective tools for curbing unwanted behavior?
• What lessons should the federal government take from the policy experiments in the states?

For our latest Talking Tax webinar, our excise tax expert Ulrik Boesen moderates an exclusive panel discussion featuring:

• Norman Birenbaum, Director, Cannabis Programs at the State of New York and President, Cannabis Regulators Association
• Richard Auxier, Senior Policy Associate, Tax Policy Center
• Todd Nesbit, Assistant Professor of Economics, Ball State University