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Inside Olympia — Capital Gains Tax, Cannabis

Is it an income tax, or is it an excise tax? And, what about the WA Supreme Court’s 1933 decision that income is property? We discuss the legislatively approved capital gains tax, and the lawsuit challenging that tax that is making its way through Washington courts, with UW Constitutional Law Professor Hugh Spitzer, and UW Tax Law Professor Scott Schuhmacher. Plus, the state of Washington’s cannabis industry. Pot shop robberies have become an epidemic, and recently turned deadly. There’s a legislative battle over synthetic cannabinoids, and whether those should be regulated. And, the effort to bring equity to the cannabis industry. We talk with Washington Liquor and Cannabis Board Chair David Postman.

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