Colorado lawmakers tried to find the Goldilocks level for recreational marijuana taxes — an amount neither too high to discourage voters from approving it nor too low to pay the costs of pot legalization. At the end of the debate, the state House gave initial approval to a bill that proposes a 15 percent excise tax and an initial 10 percent special sales tax on recreational marijuana, over the objection of Republicans who said the tax rates are too much.
A proposal that could lead to the repeal of marijuana legalization in Colorado has gained momentum at the state Capitol. The repeal would be linked to a measure on marijuana taxes that is expected to go before voters in November, according to legislators and advocacy groups involved in the discussions. The premise is that, if voters do not approve the taxes, then Amendment 64, the initiative passed just months ago to legalize marijuana, would be repealed.
Legal marijuana in Colorado may not bring in enough money to cover the societal costs of legalization, a study from a Colorado State University think tank concludes. The analysis also argues that revenue from marijuana taxes won't do much to help Colorado's budget and that money generated for new school construction won't reach the $40 million annual target that supporters of marijuana legalization set when campaigning for Amendment 64, the measure that legalized use, limited possession and commercial sale of marijuana for adults in Colorado.
Lawmakers introduced a long-awaited bill of proposed regulations for recreational marijuana, moving Colorado one step closer to a legal pot marketplace. The 57-page bill — House Bill 1317 — contains most of the ideas endorsed by a special legislative committee for how recreational marijuana businesses should operate and be structured. A second bill, House Bill 1318, lays out a proposed tax structure for marijuana that voters would be asked to approve.
Tens of thousands of people will attend Saturday's "4/20" rally in Denver, creating perhaps the largest collectively produced cloud of marijuana smoke ever at 4:20 p.m. But Lopez doesn't view this year's event as a celebration of Amendment 64, the pro-pot measure that voters passed in November. Instead, it is as much a protest against the measure. "It is still only a legislative act to create an economy and not to end a war that has destroyed thousands of lives." The people behind Amendment 64, likewise, are holding the rally at arm's length.
Colorado lawmakers stood the state's current model for marijuana businesses on its head, endorsing a proposal that would allow recreational pot stores and commercial growers to operate independently. Currently, medical-marijuana businesses in Colorado are vertically integrated, meaning growers and sellers are part of the same company and the stores grow most of what they sell. But, at the final meeting of a legislative committee writing a bill for recreational marijuana rules, lawmakers backed a proposed model where growers and sellers would be separate. (See also: Denver Mayor Michael Hancock: Pot should be phased in; no pot clubs)