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Lawmakers Closer To Creating Marketplace For Marijuana

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(credit: CBS)

(credit: CBS)

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DENVER (CBS4) – State lawmakers are moving forward on creating a marketplace for marijuana.

Two bills are being discussed. One would regulate recreational marijuana and the other addresses taxing pot sales.

The regulatory bill states only Colorado residents could own or work in recreational pot shops. Marijuana growers and sellers could operate separately. That’s not the case for medical marijuana operations. The recreational stores could only sell one quarter of an ounce of pot to people from out of state and they’d have to use it in Colorado.

The second bill would create a 15 percent sales tax on recreational pot and a 15 percent excise tax on transactions between growers and sellers.

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