Tags: Fall 2013 Elections | colorado | marijuana | tax | recreational

Colorado Voters Back 25 Percent Tax on Recreational Marijuana

Wednesday, 06 Nov 2013 04:00 AM

By Elliot Jager

A 25 percent "sin tax" on marijuana, initially earmarked for funding school construction, has been passed by Colorado voters, The Washington Times reported.
 
Pot smokers will pay Colorado's existing almost 3 percent sales tax, retailers will pick up a 15 percent tax paid to their suppliers, and collect an additional 10 percent sales tax from purchasers.

The state legalized use of recreational marijuana for anyone over 21 in 2012.

A spokesman for the Marijuana Policy Project, which supported the tax, said the idea was to regulate marijuana like alcohol, according to the Times.

Analysts say voters are more prone to approve taxes on cigarettes, alcohol, and now pot, than agree to hikes in income or real estate taxes.

Meanwhile, voters in Portland, Maine, approved possession — but not sale or purchase — of recreational marijuana for residents 21 and older.

Advocates said Portlanders were fed up with the country's "failed marijuana prohibition laws," The Huffington Post reported.
 
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