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

Share:
  Comment  |
   Contact Us  |
  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.

Share:
  Comment  |
   Contact Us  |
  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
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

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