cannabisnews.com: Colorado Voters Approve New Taxes on Marijuana
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Colorado Voters Approve New Taxes on Marijuana
Posted by CN Staff on November 06, 2013 at 05:59:42 PT
By John Ingold, The Denver Post
Source: Denver Post
Colorado -- A measure to impose hefty taxes on recreational marijuana passed easily Tuesday, as voters across the state overwhelmingly chose to make pot one of the most heavily taxed consumer products in Colorado. At 8:30 p.m., the measure, Proposition AA, was leading 65 percent to 35 percent.The measure's success mirrored that of several local marijuana-tax proposals. In Boulder, Littleton and Manitou Springs, voters were approving marijuana tax measures by similar margins. The results from pot-tax proposals in several other jurisdictions  including Silverthorne, Breckenridge, Fraser, Carbondale and Pueblo County  were not yet available.
"The passage of Proposition AA means Colorado will have a strong and well-funded regulatory system, along with funding for education, prevention, treatment and other safety issues that may arise," said Mike Elliott, the executive director of Medical Marijuana Industry Group, a trade organization that supported the tax.Opponents of the tax, who gathered for a party where they distributed free marijuana joints, said they were disappointed."I think we played hard, fought the good fight and the yes campaign is to be congratulated, if the present trend continues," said Rob Corry, the leader of the campaign against the measure.Proposition AA imposes a 15 percent excise tax on the wholesale price and an initial 10 percent sales tax on the retail price for recreational marijuana.According to the state's voter guide, the measure is expected to bring in $67 million a year. Of that, $27.5 million generated by the excise tax would go toward school construction, as specified in last year's constitutional amendment that legalized recreational marijuana use and also allowed for pot to be sold to anyone over 21 at specially licensed stores.The rest of the money would go toward paying for the regulation of the pot shops, as well as any collateral impacts from marijuana legalization. SnippedComplete Article: http://drugsense.org/url/uUPNXmzESource: Denver Post (CO)Author:  John Ingold, The Denver PostPublished: November 5, 2013Copyright: 2013 The Denver Post Website: http://www.denverpost.com/Contact: openforum denverpost.comCannabisNews -- Cannabis Archiveshttp://cannabisnews.com/news/list/cannabis.shtml 
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Comment #7 posted by keninsj on November 08, 2013 at 19:19:42 PT:
Illegal to grow
I believe under Colorado's law it is illegal to grow, is that correct? I think if something is legal, it should be legal in all respects, but it is better than here in Cali, we won't have anything on the ballot till 2016 from my understanding.
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Comment #6 posted by Ryannn29 on November 06, 2013 at 16:39:42 PT:
High Tax
Yikes, that's a high tax. Not too smart, but it is legalized. There will still be loads of people selling to friends & neighbors, avoiding the tax.
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Comment #5 posted by Hope on November 06, 2013 at 13:04:41 PT
The GCW
So true!Jail and killing can still happen here.It's so sad. It's tragic, really.
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Comment #4 posted by The GCW on November 06, 2013 at 12:12:48 PT
Hope,
At least, at last it is legal. Citizens in the worst states would love to have legalized cannabis with high taxes rather than facing the alternatives.
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Comment #3 posted by Hope on November 06, 2013 at 08:40:25 PT
Good grief!
Well at least it's legal.
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Comment #2 posted by ekim on November 06, 2013 at 07:19:43 PT
lawmakers smell big mula
http://michiganmedicalmarijuana.org/topic/44779-buy-medical-marijuana-at-your-pharmacy-michigan-senate-panel-oks-measure/#entry464650
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Comment #1 posted by FoM on November 06, 2013 at 06:08:25 PT
Michigan News
Voters in Three More Michigan Cities Pass Marijuana Decriminalization Proposals URL: http://michiganradio.org/post/voters-three-more-michigan-cities-pass-marijuana-decriminalization-proposals
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