Monday, April 8, 2013

Money, So They Say, Is The Root of All Evil Today: Colorado's Proposed Cannabis Tax Goes Too Far

Posted By on Mon, Apr 8, 2013 at 11:09 AM

For decades, cannabis advocates of every stripe have been telling everyone who would listen that we need to legalize and tax cannabis.

I don't think this is what they had in mind: a Colorado legislative committee is proposing a ridiculous 30 percent state tax on cannabis, according to Huffington Post:

The House-Senate committee, which will introduce a bill this week drafted from the 58 recommendations that the pot task force issued last month with taxes being one of several issues the committee is considering, would ask voters to approve a 15 percent excise tax and a 15 percent special sales tax. Those rates plus existing local and state tax rates — for food and beverage sales in Denver, the the combined total tax rate is 8 percent — could mean a total tax rate of 38 percent on marijuana purchases in the Denver area.

I'm down with taxes - even high taxes - but this is beyond the pale. I'm not sure what these people are thinking. They're either horribly naive or purposely trying to discourage legal sales.

In Arizona, we have no cannabis tax. Only normal sales taxes apply, which vary slightly city to city but in Tucson is 9.1 percent. Tax rates like the ones proposed in Colorado would only drive people to the black market.

It would also destroy many, many cannabis shops in and around Denver by sending their customers clamoring to either buy on the sly or grow their own, which Colorado's new cannabis law allows. It would put people out of work.

Mr. Smith does not approve. Hmpf.

Tags: , , , , ,

Comments (2)

Showing 1-2 of 2

Add a comment

 
Subscribe to this thread:
Showing 1-2 of 2

Add a comment

More by J.M. Smith

  • R.I.P., J.M.

    The hypocrisy of America's cannabis policy finally does our writer in
    • May 15, 2014
  • Donation Dilemmas

    When cannabis is illegal, reasonable people turn to Craigslist and shady disclaimers
    • May 8, 2014
  • The End Is Near

    Mr. Smith reflects on the life of his caretaker as he rages against the dying of the light
    • May 1, 2014
  • More »
Today | Thu | Fri | Sat | Sun | Mon | Tue
Monster Jam

Monster Jam @ Tucson Convention Center

Fri., March 3, 7-9 p.m.

All of today's events | Staff Picks

Staff Pick

Democracy and Dissent Book Group

Join us to discuss Half of a Yellow Sun by Chimamanda Ngozi Adichie. The book is 10%… More

@ Antigone Books Sun., March 5, 2-3:30 p.m. 411 N. Fourth Ave.

» More Picks

Submit an Event Listing

Popular Content

  1. Is Antisemitism Rising to the Threat Level? (The Range: The Tucson Weekly's Daily Dispatch)
  2. Streets of this Town (The Range: The Tucson Weekly's Daily Dispatch)
  3. Song of the Day: Green on Red 'Hector’s Out' (The Range: The Tucson Weekly's Daily Dispatch)
  4. The Weekly List: 19 Things To Do In Tucson in the Next 10 Days (The Range: The Tucson Weekly's Daily Dispatch)
  5. Does TUSD Board Member Rachael Sedgwick Want to Fire Superintendent, General Counsel at the Tuesday Board Meeting? (The Range: The Tucson Weekly's Daily Dispatch)

© 2017 Tucson Weekly | 7225 Mona Lisa Rd. Ste. 125, Tucson AZ 85741 | (520) 797-4384 | Powered by Foundation