COLORADO: Colorado’s tax collections from recreational marijuana sales in the past fiscal year came in more than 60 percent below early predictions, and now a state lawmaker says it may be time to reconsider the tax formula.
State Rep. Dan Pabon, who is leading a special legislative committee on marijuana revenue, said the medical-marijuana system also may come under scrutiny.
“There’s some real impact that the medical marijuana market is having on the recreational marijuana market,” said Pabon, D-Denver. “I think it’s worth looking at the taxation on the recreational side but also looking at the rules and regulations on the medical side.”
The first item of business: Why is there so much less of it than predicted?