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.
Oil is the largest source of energy in the United States, providing close to 40 percent of all of the nation's entire power needs. Though most oil is used for transportation or home heating purposes, a small percentage is still used as a fuel for electricity generating plants.