Posted on 11/06/2013 1:27:52 PM PST by Olog-hai
A proposal to impose hefty taxes on recreational marijuana, whose use was okayed by Colorado voters in last year’s election, was an easy sell in the state Tuesday.
About two-thirds of those casting ballots approved a 15 percent excise tax plus a 10 percent sales tax on pot sales that begin next year.
The taxes are projected to bring in $70 million a year. The money will be used for school construction and regulating pot sales. …
Also in Colorado, ten rural counties refused to approve secession from the state in an effort to form a 51st state called North Colorado. …
(Excerpt) Read more at cbsnews.com ...
How is dope sold in CO?
Sure it will.
Ahh the fallacy of legalization.
sold by dopes, to dopes
heh
Good luck with that. Folks will still grow their own and “share” it with friends...for a fee.
and the dopes didn’t know this was coming???
He is told: "If you like your insurance, you can keep your insurance."
If I smoked marijuana I would just grow my own and share it with no one.
With a 25% tax it will be sold on the black market to avoid the tax. The state of Colorado would probably collect more marijuana tax revenue if the tax rate were much lower.
One stoner at a time....
It’s funny, isn’t it?
Liberals look at a behavior and think that it will remain constant when they impose a tax penalty on it.
I’ve always said they would be better off with decriminalization.
Better to keep it under wraps and pay a small fine if caught than to pay government every time they buy. Legalization will lead to a bunch of new laws as well.
That’ll stop the dealers. /s
This is actually kind of funny in a morbid sort of way. What happens when the drug cartels and government revenue agents get in a firefight?
A big tax on legal marijuana?
All part of the libertarian agenda.
Even if 50% of that goes underground they will still make a killing on Tax’s...and no doubt figured so.
I'm totally anti-drug, legal, illegal, pharmaceutical. But whenever I responded on a thread somewhere about wanting to legalize marijuana, I expressed total support. Being anti-drug, I really liked that something legal would have its potency controlled, would be taxed to extinction, and there would be a serious effort to put out of business those selling, buying, and having unauthorized marijuana. Governments will get much better at that if it's costing them tax dollars.
They thought I was kidding. Is there a connection between being stoned and not following premises to logical conclusions?
(I know, I'm having a MEOW moment)
Yes. Connecticut legalized Indian gaming (casinos) and a state lottery for the expressed purpose of building schools.
Of course the money was dumped into the general fund and government spending increased accordingly, not necessarily on schools.
to "build new schools" is the big government way to sell people on more taxes without lawmakers being tar-and-feathered.
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