“In November, Colorado voters will decide on a proposed 15% excise tax, plus a 10% state sales tax, on all retail cannabis sales.  In addition, Denver might levy its own 5% tax on pot sales made within the city. City officials say that 5% tax, along with other fees and state revenue, could add over $9 million annually to Denver’s coffers.  But advocates for legal marijuana say excessive taxes will drive people away from state-controlled cannabis and back to the black market.  ‘When you start thinking about it, in terms of what that’s going to do to the cost to the consumer for cannabis, it’s pretty ridiculous,’ says Westword, Denver’s weekly alternative paper.”

http://money.msn.com/now/post–why-marijuana-taxes-are-such-a-burning-question

Did you like this?
Tip Freedomwat.ch Staff with Bitcoin

Donate via Installed Wallet Copy