Colorado regulators want to know: How much does marijuana cost?
Colorado regulators have begun surveying marijuana businesses about the price of pot in an effort to implement a new excise tax that voters passed earlier this month. The tax places a 15 percent levy on the wholesale price of recreational marijuana when it moves between the grower and the seller. However, Colorado's recreational marijuana industry won't have a true wholesale market for the first nine months. They must grow almost everything they sell — meaning the wholesale transactions that will be subject to the excise tax are really just pot transfers in which no money is exchanged.
The Denver Post (US)
Thursday, November 14, 2013