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 cigarettes. [Read more…]
Buzz-kill: Denver proposes 5% tax on marijuana sales
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 cigarettes. [Read more…]