• Home
  • MJNews @PRNewswire
  • CBDNews @BusinessWire
  • MJChannelOne
  • MJBA.net
  • MJHeadlineNews
  • Subscribe
  • Advertise
  • MJBA PR

MJNews Network

"The Voice of Legal Cannabis Since 2013"

  • Home
  • Business
  • MJNews By PRNewswire
  • CBDNews by BusinessWire
  • Legal
  • Events
  • BlPOC in Cannabis
You are here: Home / News / Colorado Marijuana Sales Tax, Proposition AA, Is Excessive

Colorado Marijuana Sales Tax, Proposition AA, Is Excessive

September 25, 2013 by MJ News Network Leave a Comment

COLORADO: Colorado NORML is an advocate for Coloradans who responsibly consume marijuana. These consumers will bear the burden of any taxes enacted by voters on the retail sale of marijuana. We do not object to taxation of marijuana generally, but rather to taxation that is excessive or unnecessary.

Our opposition to Proposition AA stems from our belief that the existing sales tax structure and licensing fees should be sufficient to ensure a robust regulatory enforcement agency for marijuana.

The 2013 Blue Book is projecting marijuana sales in 2014 to be $394.6 million. At this level, which we believe is conservative, the normal 2.9 percent state sales tax and 3.5 percent local sales taxes are projected to raise over $25 million in revenue to fund state and local regulatory enforcement. This projection does not include the numerous application and licensing fees paid by retailers to state and local regulators.

The Medical Marijuana Enforcement Division’s budget was $5.2 million in 2012. The state has already generated over $6 million in state tax revenue from medical marijuana sales through the third quarter in 2013. If necessary, the Colorado legislature could double the state regulator’s annual budget and still not require any additional “special” sales tax measure.

We think that means marijuana consumers in Colorado will be paying excessive taxes under Proposition AA.

It is our position that excessive taxation, along with the decision of many local jurisdictions to “opt out” of Amendment 64’s business licensing provisions, has the potential effect to keep a black market for marijuana alive in Colorado. The decision of local communities to ban retail recreational marijuana sales is the most substantial factor in supporting an unregulated market for marijuana.

Colorado NORML has a long history of supporting responsible use of marijuana, including limitations on public use and driving impaired. We have no affiliation to the group that protested Proposition AA with a free joint give-away in Civic Center.

Read full article @ Denver Post

Filed Under: News Tagged With: decriminalization, free joints, legalization, NORML, Proposition AA

About MJ News Network

Connect with Us!

  • Email
  • Facebook
  • Instagram
  • LinkedIn
  • Pinterest
  • RSS
  • Tumblr
  • Twitter
  • Vimeo
  • YouTube

Top Stories

Jushi Holdings Awarded Provisional Medical Marijuana Dispensary License in Ohio

Jushi’s Permitted Licensed Retail Footprint Increases to 40 Dispensaries Nationwide* FLORIDA: Jushi Holdings, Inc.,  a vertically integrated, multi-state cannabis operator, announced that Campbell Hill Ventures, LLC, the Company’s 100% owned subsidiary, has been awarded a provisional medical marijuana dispensary license by the Ohio Medical Marijuana Control Program. The License is designated for 693 Old State Read the full article…

Congressman Blumenauer Urges Department of Transportation to Reform Driver Impairment Testing

DISTRICT OF COLUMBIA:  Congressman Earl Blumenauer, Co-Chair of the Congressional Cannabis Caucus, released a letter urging the Department of Transportation to reform and modernize cannabis testing requirements for commercial truck drivers. In the past two years, tens of thousands of commercial drivers have been forced out of the profession not because they are impaired on Read the full article…

State of Ohio Board of Pharmacy Issues Provisional Dispensary Licenses for RFA II 

OHIO: On May 16, 2022, the State of Ohio Board of Pharmacy issued 70 provisional dispensary licenses as part of the RFA II process. A list of the provisional dispensary licenses awarded can be accessed using the following links: List of Provisional Dispensary Licenses (PDF): www.pharmacy.ohio.gov/PDLII List of Provisional Dispensary Licenses (Excel): www.pharmacy.ohio.gov/PDLIIx The Board Read the full article…

Why This Cannapro Keeps the Conversation Open Around Cannabis

  By Erica Tarnowski I was a child of the 80’s, which meant participating in – and graduating from – the D.A.R.E. program in middle school. For those of you unfamiliar with D.A.R.E., it was a school-based drug use prevention program created to teach kids to “Just Say No” to drugs. One of the tenets Read the full article…

WSLCB Contracts with Security Specialists to Provide Voluntary Retail Store Security Assessments

WASHINGTON: The Liquor and Cannabis Board (LCB) has announced that it has contracted with security management firm Setracon, Inc. to provide voluntary, free of charge, on-site security assessments of individual cannabis retailers. Security Assessments Goal The initial focus of the physical security and crime prevention assessments will be for the approximately 180 retail stores in Read the full article…

Congressman Blumenauer Urges Department of Transportation to Reform Driver Impairment Testing

State of Ohio Board of Pharmacy Issues Provisional Dispensary Licenses for RFA II 

Why This Cannapro Keeps the Conversation Open Around Cannabis

Tags

CA California Canada cannabis cannabis news CBD changing attitudes CO Colorado DC decriminalization dispensary District of Columbia end failed war on drugs end of failed war on drugs failed war on drugs Hemp I-502 legal cannabis legalization legal marijuana legal pot shop marijuana marijuana business medical cannabis medical marijuana mjlegal mjnews MJNews Network mjnewsnetwork.com mmj New York NORML NY OH Ohio OR Oregon politicians on pot recreational marijuana the business of cannabis the business of marijuana WA Washington WSLCB

Search By State:

  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

© Copyright 2014 MJBA Publishing · MJ News Network · All Rights Reserved ·