Just as Colorado is settling in for a second year of recreational marijuana sales, state lawmakers have some big decisions to make about its older cousin, the medical marijuana market. The state’s medical-pot regulations are due for automatic renewal in 2015. That means that all the rules about growing, processing and selling medical pot Continue reading
Tag Archives: taxes
Lawmaker Prepare to Revisit Medical Marijuana Rules
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Tagged colorado, legislature, medical marijuana, recreational marijuana, state lawmakers, taxes
Vendor Fee to be Profitable for Pot Shops
Colorado’s vendor fee, which rewards all businesses for the prompt payment of taxes by letting them keep a percentage of them each month, is proving to be profitable for pot shops across the state. Those businesses that pay the 2.9 percent sales tax in a timely fashion, get to keep about 3.3 percent of those taxes. This year, Continue reading
Group Challenges Pot Taxes
A handful of marijuana activists in Denver are making a curious legal challenge. They believe that pot should be legal under federal law. But because it isn’t, they say the state of Colorado can’t collect taxes on the drug. The tax challenge is going before a Denver District Court judge Friday morning. Colorado pot Continue reading
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Tagged colorado, Denver, Denver District Court, federal law, marijuana, taxes
Recreational Marijuana Sales Spike in June
New marijuana tax records from Colorado show June was the best-selling month yet for the state’s recreational pot experiment, with $24.7 million in total sales. The numbers released by the Department of Revenue also show recreational pot inching toward medical pot in total sales. In January, Colorado’s Continue reading
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Tagged colorado, Department of Revenue, marijuana, medical pot, recreational pot, taxes, Washington
Connect for Health Raises Taxes on Exchange Users
Yesterday morning, the Connect for Health Colorado Board of Directors voted for a $13 million increase in taxes for those insured under the Colorado health exchange to help the exchange make up for a budget deficit. Upon hearing the result of the vote, Congressman Cory Gardner (CO-04) sent a letter to Continue reading
