Tag Archives: recreational marijuana

Pot Retailers Prep for Marijuana Tax Holiday

MARIJUANA-300Think of it as a back-to-school sales tax break, but for stoners. Colorado’s unusual tax law is forcing the state to suspend taxes on recreational marijuana for one day – Sept. 16 – during which a 10 percent sales tax and 15 percent excise tax won’t be collected. The sales-tax break would shave $20 off the price of a mid-grade ounce of Continue reading

Parachute Ends Ban on Recreational Pot Shops

MARIJUANA-300Recreational marijuana businesses are now welcome in a western Colorado town that banned them in 2013. Trustees in the town of Parachute voted 4-2 to remove their ban on recreational marijuana shops, cultivation centers and testing or product manufacturing businesses. Local schools will be getting a percent of the sales tax Continue reading

Schools to Begin Tracking Student Marijuana Use

MARIJUANA-300Colorado schools will begin compiling data on students who get busted for using or distributing marijuana. The effort is aimed at gauging the impacts of the drug’s legalization in the state. The new reporting requirement is an addition to a 2012 law directing law enforcement and district attorneys to collect data on how students are Continue reading

State to Ask Voters for Exemption in TABOR Laws for Pot Tax Excess

MARIJUANA-300The state plans to ask voters this fall, whether the state should continue to use marijuana tax profits for school construction and other programs. Governor John Hickenlooper signed legislation Thursday that would put the de-brucing question on the November ballot. TABOR laws in Colorado say that all revenue from new taxes Continue reading

Lawmakers Vote Down Maternal Warnings at Pot Shops

MARIJUANA-300A Colorado proposal to require marijuana shops to post warnings for pregnant and nursing women has been rejected by Republicans who considered the requirement unfair. A bill to require the stores to post maternal warning signs had the support of some Republicans and the state Health Department. But a Senate committee voted 5-4 Continue reading

Colorado Defends Pot Law

MARIJUANA-300Colorado defended its pot law for the first time Friday in a filing to the U.S. Supreme Court. Yesterday was the deadline for Colorado to respond to a legal challenge from Oklahoma and Nebraska. The lawsuit challenges Colorado’s legalization of recreational marijuana and is one of four lawsuits that aim to dismantle the young Continue reading

State has Best Month of Pot Taxes Yet

MARIJUANA-300Colorado is reporting its best month yet for recreational marijuana sales. Most striking in the January numbers reported this week is a spike in the tax stream designated specifically for schools. That excise tax brought in $2.3 million. That’s more than 10 times the haul from January of 2014, when Colorado started collecting the tax. Continue reading

Colorado Marijuana Sales Reach Nearly $700 Million in 2014

MARIJUANA-300During the first full year of recreational marijuana sales, Colorado sold $700 million worth of product. That number includes both medical and recreational sales. The medical industry takes credit for about $385 million of that, while the recreational industry claims around $313 million. Those numbers are based Continue reading

State Makes $76 Million in Marijuana Taxes

MARIJUANA-300Colorado finally knows how much tax revenue it collected from recreational marijuana in the first year of sales, and the haul was below estimates – about $44 million. The year-end Colorado tax report was made public yesterday. Colorado is the first government anywhere in the world to regulate marijuana production and sale, so other Continue reading

Bloomberg Disagrees with Legalizing Marijuana

bloomFormer New York City Mayor Michael Bloomberg has sharply criticized Colorado’s decision to legalize marijuana and called it a terrible idea. Bloomberg said at a meeting at the Aspen Institute on Friday that marijuana is hurting the developing minds of children. He admitted to smoking a joint in the 1960s, but he Continue reading

Legislature Considers Complete Overhaul of Marijuana Regs

MARIJUANA-300Two years into recreational marijuana legalization, Colorado is taking a second look at its rules for medical marijuana. A panel of state senators is indicating the process could get messy. They voted yesterday to scrap most of the administration’s suggestions on updating the state’s regulations governing medical pot Continue reading

Police Chiefs Wrap up Marijuana Training Conference

MARIJUANA-300The final day of of the Colorado Association of Chiefs of Police training conference on marijuana concluded last week with discussions of the Colorado marijuana industry perspective, the challenges of good data collection, and the importance of cross-collaboration with other public agencies. Discussions at the CACP’s Continue reading