Cultivation facilities will be required to pay a 15 percent excise tax on the wholesale sale of recreational marijuana. Retail purchases of retail marijuana will be subject to state and local sales tax. Retailers will collect sales tax from consumers and remit it to the state.
However, fossil fuels continue to supply nearly 80 percent of world energy use through 2040. Natural gas is the fastest-growing fossil fuel, as global supplies of tight gas, shale gas, and coalbed methane increase.
U.S. Renewable Energy Growth Accelerates. Renewable energy markets surged in the United States in the first half of this year despite uncertainty over federal tax credits and a sluggish national economy, according to mid-year figures. Wind, solar, and geothermal energy are all on the rise.