CO Prop. AA, The Marijuana Taxation Measure, Passes 65 Percent To 35 Percent

Fifteen percent of the sales tax revenue would be sent to the cities and counties where retail marijuana purchases occur

COLORADO: Proposition AA, the measure to set tax rates for the recreational marijuana industry in Colorado, has passed 65 percent to 35 percent. Voters have approved a 15 percent excise tax on marijuana when it is sold wholesale from a cultivation facility and a 10 percent sales tax on retail marijuana sold to individual consumers.

Colorado Voters Overwhelmingly Approve State Marijuana Tax

Advocates for Proposition AA celebrated Tuesday night, November 5, 2013 after the Associated Press and the Denver Post called the vote in their favor.

COLORADO: A state ballot measure imposing special excise and sales taxes on recreational marijuana won handily in statewide voting Tuesday night. This story will be updated throughout the night. 9:20 p.m.: Latest count on Proposition AA : 668,358 in favor, 359,248 opposed. 9:12 p.m.: Results on local marijuana tax measures are beginning to come in from around the Read the full article…

Colorado Voters Overwhelmingly Approve State Marijuana Tax

COLORADO: A state ballot measure imposing special excise and sales taxes on recreational marijuana won handily in statewide voting Tuesday night. This story will be updated throughout the night. 9:20 p.m.: Latest count on Proposition AA : 668,358 in favor, 359,248 opposed. 9:12 p.m.: Results on local marijuana tax measures are beginning to come in from around the Read the full article…

High Marijuana Taxes Could Derail Legalization Plans

Colorado tax on marijuana has been upheld by a federal court despite claims that paying it amounts to self-incrimination violating the Fifth Amendment.

COLORADO: When Congress banned marijuana in 1937, it did so in the guise of taxation, imposing a prohibitive levy on cannabis and created criminal penalties for those who failed to pay it. Marijuana taxes also played a prominent role in what may be the beginning of the end for pot prohibition: the legalization measures that voters in Colorado and Washington approved Read the full article…