Buzz-kill: Denver proposes 5% tax on marijuana sales

Mayor Michael Hancock and Denver City Council don't want to even smell marijuana.

COLORADO:  Remember when marijuana activists argued that legalized pot could help control budget deficits by reducing police costs and raising tax revenues?  Putting that into practice in Denver has proven a bit difficult.  Advocates for legalization are now balking at a 5% tax on marijuana purchases, possibly going to 10% to match the state’s taxes on Read the full article…

Buzz-kill: Denver proposes 5% tax on marijuana sales

Mayor Michael Hancock and Denver City Council don't want to even smell marijuana.

COLORADO:  Remember when marijuana activists argued that legalized pot could help control budget deficits by reducing police costs and raising tax revenues?  Putting that into practice in Denver has proven a bit difficult.  Advocates for legalization are now balking at a 5% tax on marijuana purchases, possibly going to 10% to match the state’s taxes on Read the full article…