Colorado Cuts Marijuana Tax, Targets Black Market, While Oregon Eyes 20% Tax

Colorado was the first state to legalize marijuana for recreational use, and now it’s passed a marijuana tax relief.

COLORADO:  Colorado is leading again, this time with a permanent tax break on recreational marijuana. The state is lowering the tax from 10% to 8% effective in July 2017, a move that could cut into Colorado’s black market. Colorado was the first state to legalize marijuana for recreational use, and now it’s passed a marijuana tax relief. There Read the full article…

Colorado Residents Looking At Pot Tax Rebate

Colorado’s economy is improving, but much of the new money is due to tax collections exceeding the state’s revenue cap, triggering rebates under TABOR for the first time in 15 years.

COLORADO:  Last Monday, Colorado Gov. John Hickenlooper unveiled the state’s $26.8 billion proposed budget for next fiscal year. The budget includes $167.2 million in tax rebates for Colorado taxpayers, including $30.5 million in rebates due to total state recreational pot revenue that was higher than predicted. The rebates are mandated by the Colorado Taxpayer’s Bill of Rights Read the full article…