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.
On Tuesday, voters decide whether to approve a 15 percent pot excise tax to pay for school construction, plus an extra sales tax of 10 percent to fund marijuana enforcement.
A 24-member task force appointed to set up marijuana rules meets Monday for the first time.
Marijuana opponents in Colorado are using a recent U.S. Supreme Court ruling to gird their argument against making pot legal.
In Colorado, state lawmakers are attempting an end-run around the federal medical marijuana ban with a bill that would create the nation’s first state cooperative financial institution for dispensaries and growers to allow them to store and borrow money.