38% Marijuana Tax in Colorado – A bit much?
Want to buy legal marijuana in Colorado? Might want to re-think that…
Lawmakers this week are discussing a bill that heavily taxes legal marijuana. According to the article below, the bill includes a 15% excise tax and a 15% special sales tax. Plus, you can’t forget about the existing local and state taxes.
This means that in some areas such as Denver, there would be a marijuana tax rate of 38%!
So if this passes illegal marijuana sales might be just as high as the legal marijuana sales. And I’m guessing a lot more people will start researching ways to grow their own.
Read more at the articles below:
Colorado considers huge legal weed tax
Salon, on Mon, 08 Apr 2013 12:31:58 -0700
Those rates plus existing local and state tax rates — for food and beverage sales in Denver, the the combined total tax rate is 8 percent — could mean a total tax rate 0f 38 percent on marijuana purchases in the Denver area. Currently, medical …
Legal Weed: Colorado Lawmakers Consider A Nearly 40 Percent Tax On …
Huffington Post, on Mon, 08 Apr 2013 07:27:25 -0700
Those rates plus existing local and state tax rates — for food and beverage sales in Denver, the the combined total tax rate is 8 percent — could mean a total tax rate 0f 38 percent on marijuana purchases in the Denver area. Currently, medical …
What’s next for California if marijuana does become legal?
We all know California is broke. If Colorado approves a 38% tax bill on legal ganja then what’s going to happen when California legalizes it? Everything in California is already more expensive so I can only assume that our broke-ass state is going to hit us Californians hard with a marijuana tax.
So would you pay a 38% tax to get your hand on some legal, medical cannabis?
About James Shaw
A Silicon Valley tech nerd, entrepreneur, and cannabis fanatic. James also enjoys reading and studying philosophy and is intrigued by the long history of cannabis and its uses. You can find him on his patio with iPad in hand and sativa-hybrid in the vape.
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