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.
Energy is essential to life. Without it, many billions of people would be left cold and hungry. The major source of energy comes from fossil fuels, and the dominant fossil fuels used today by most industrialized and developing countries are oil, coal, and natural gas. Among these fossil fuels, oil is the most consumed for energy conversion, followed by coal, then natural gas.