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
Zip Code:
Privacy: We never share your email.
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Vladimir Putin News Conference: Russian Prez Vows to Fix Economy

Thursday, 18 Dec 2014 10:27 AM

Vladimir Putin delivered a three-hour news conference this week vowing never to let the West defang his proud nation and . . .

Katrina Dawson, Hostage Killed in Sydney, a 'Brilliant Litigator'

Thursday, 18 Dec 2014 10:21 AM

Katrina Dawson, one of the two hostages killed during a 16-hour siege by a self-proclaimed Shiite cleric in Sydney, has  . . .

Ginger Zee, ABC Meteorologist, Called a Weather 'Pornographer' for Not Pushing Climate Change

Thursday, 18 Dec 2014 10:20 AM

Ginger Zee, ABC meteorologist for "Good Morning America" and "World News Tonight," got swiped by news consultant Andrew  . . .

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.

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