Tags: colorado | marijuana | law | tax | pot

Colorado Marijuana Law: Bill To Tax Pot Headed to Governor

Thursday, 09 May 2013 11:23 AM

By Newsmax Wires

  Comment  |
   Contact  |
  Print  
|  A   A  
  Copy Shortlink
Legislators in Colorado passed a bill that would impose a tax on the sale of recreational pot, sending it to the governor's desk for approval, a major step in implementing the marijuana law, Reuters reported.

The proposal, which passed the state House of Representatives and the state Senate on the last day of the legislative session, would levy a 15 percent excise tax on retail pot sales, and an additional 10 percent statewide sales tax on the drug.

Urgent: Is Obamacare Hurting Your Wallet? Vote in Poll

The measure still requires voter approval, even if the governor signs it. Along with Washington state, Colorado voters last fall approved the use of recreational marijuana, and directed lawmakers to craft a framework to regulate and tax pot.

Related stories:


Advocates Eye Legalizing Marijuana in Alaska


Texas Lawmakers Push Marijuana Decriminalization


© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print  
  Copy Shortlink
Send me more news as it happens.
 
 
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Passengers Push Plane on Icy Russian Runway (With Help of a Tractor)

Wednesday, 26 Nov 2014 20:45 PM

Passengers on a Russian plane got off to push the aircraft to help get it on the runway after it began slipping on ice i . . .

Bernie Tiede, Convicted Murderer Mortician, to Get New Sentencing

Wednesday, 26 Nov 2014 17:39 PM

Bernie Tiede, the mortician who was convicted of killing his companion Marjorie Nugent in 1996, will receive a new sente . . .

Chrysler Pentastar Logo Getting Phased Out With FCA Formation

Wednesday, 26 Nov 2014 15:51 PM

Chrysler's iconic Pentastar logo is being phased out as the company introduces a new logo in keeping with the newly form . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved