Colorado Marijuana Holiday Saves Growers Big Bucks

COLORADO: Colorado’s marijuana growers were the big winners Wednesday when the state suspended new recreational pot taxes, a tax quirk that saved shoppers some sales tax but saved wholesalers tens of thousands.

Prompted by a quirk in state tax law, the one-day tax suspension allowed growers to transfer a month or more of inventory without paying 15 percent excise taxes, or $300 a pound.

At Colorado Harvest Co., a chain of dispensaries in the Denver area, owner Tim Cullen saved $45,000 — before even opening his doors to the first customer.

Looking over a small tangle of pot shoppers in his suburban Denver shop, Cullen said the crowds weren’t huge but the tax break would be a big win anyway.