Colorado’s hearty embrace of a 25 percent marijuana tax this week could prove a turning point for legalization backers. They’ve long argued that weed should come out of the black market and contribute to tax coffers.
Colorado’s mercurial political nature was on full display Tuesday, with voters overwhelmingly approving taxes on marijuana sales but rejecting an income tax hike for schools.
Further bringing marijuana into the mainstream, Colorado voters decided Tuesday to treat the blossoming industry like other businesses by passing hefty taxes designed to raise money for schools and regulation.
Marijuana giveaways that sparked an unusual campaign finance report in Colorado have been given a value. The joints were worth $1,250, paid for by a lawyer funding the opposition campaign.
Colorado’s proposed 25 percent tax on recreational marijuana attracted a few dozen protesters Wednesday to a pot-tax fundraiser featuring remarks from Gov. John Hickenlooper.
Hundreds of people lined up to get a free joint in Civic Center Park on Monday as part of a protest of the state of Colorado’s plan to heavily tax recreational marijuana.
Colorado lawmakers have put off marijuana legalization until the last possible minute — and now they’re facing some big deadlines to finish pot regulation debates.
Marijuana as a potential tax bonanza has Colorado lawmakers wrestling with a question both sides say they don’t know how to answer: How much will people pay for legal weed?
A legislative panel decided Friday that marijuana in Colorado could be taxed at rates above 30 percent. But voters would have to OK the taxes, and some lawmakers fear the state’s tax-skeptical public could reject such high rates.