Denver Marijuana Tax Refund: Plan For City Ballot Measure Passes First Step

COLORADO:  Denver voters in November may decide whether the city can keep its first-year haul from a 3.5 percent special recreational marijuana sales tax.

The city’s ballot question would join  a likely statewide measure asking the same questionabout $58 million collected by the state last year from its separate marijuana tax. In Denver’s case, at stake is nearly $5.3 million.

A City Council committee approved the wording 5-0 Wednesday. The measure is expected to get the council’s final sign-off June 8.

Both the city and the state must ask voters to let them keep the entire amounts because of rules under the Taxpayer’s Bill of Rights. A booming economy resulted in higher revenue for both last year than had been projected when voters approved the state and local taxes on recreational marijuana.