Home | Community | Message Board



Please support our sponsors.


Welcome to the Growery Message Board! You are experiencing a small sample of what the site has to offer. Please login or register to post messages and view our exclusive members-only content. You'll gain access to additional forums, file attachments, board customizations, encrypted private messages, and much more!

Shop: Original Sensible Seeds Autoflowering Cannabis Seeds, Bulk Cannabis Seeds   Bridgetown Botanicals Bridgetown Botanicals, CBD Capsules

Jump to first unread post Pages: 1
OfflineSleepAid
Oxford comma advocate
 User Gallery


Registered: 11/02/14
Posts: 1,109
Last seen: 5 years, 3 months
Tax Free Marijuana in Colorado on September 16th
    #793571 - 09/15/15 02:02 PM (8 years, 6 months ago)

Just about everyone hates paying taxes. Hardly anyone will state that they like paying taxes. The cannabis industry is one of the only industries that ever calls for (reasonable) regulation and taxation as that is preferable to prohibition. Colorado has pulled off marijuana legalization, regulation and taxation relatively well, leading to new tax revenue and the sky hasn’t fallen. The additional tax revenue has funded schools and drug education programs. Cannabis commerce has gone so well in Colorado, that the state is calling for a marijuana tax holiday on September 16th.

Forbes reports:
Quote:

September 16, 2015 was picked because an end-of-year fiscal report is due to be certified the previous day. According to state figures, $700 million worth of legal cannabis was sold in Colorado in 2014. The tax tally was $76 million. Pot taxes were projected to raise $70 million in 2014. They actually raised $58 million, but because overall tax collections exceeded projections, Colorado must ask voters for permission to keep the money. To comply with the requirement that the taxes revert to zero, lawmakers settled on a short one-day tax waiver.

Colorado now has 380 recreational pot dispensaries and 480 licensed recreational pot growers. But even on September 16, Marijuana won’t be completely tax-free. A regular 2.9% sales tax still applies, as do medical marijuana taxes and local pot taxes. For pot retailers, the holiday poses a supply dilemma. They need plenty in stock to sell. But if they stock too much, they’ll forego their own one-day waiver on the 15% excise tax they pay marijuana wholesalers.

Colorado’s Taxpayer’s Bill of Rights—also called TABOR—requires the state to issue refunds to taxpayers if the state’s spending or revenue collections exceed the previous projections. To try to avoid the refund requirement, legislators introduced HB 15-1367, creating a ballot initiative to allow Colorado voters to approve of the state keeping the $58 million in marijuana revenue.




While the Colorado (and Washington State) commercial cannabis systems were first implemented, prohibitionists like to make premature claims that marijuana legalization weren’t successful at raising revenue. After the new tax revenue has increased over time, as the marijuana market matured and adapted, claims that legalization won’t bring in significant revenue have been largely quieted. Prohibitionist’s claims about the increased social costs haven’t come to fruition either. With the devastating impact that prohibition has on unlucky individuals or a certain demographics, coupled with the success out of Colorado and other legalized states, don’t expect to see the momentum for passing sensible cannabis laws wane any time soon.

source


--------------------
Signature this, ho.

Extras: Filter Print Post Top
InvisibleP-O


Registered: 10/08/11
Posts: 17,891
Re: Tax Free Marijuana in Colorado on September 16th [Re: SleepAid]
    #793965 - 09/20/15 09:49 AM (8 years, 6 months ago)

:dancer:

Extras: Filter Print Post Top
InvisibleAGrower
Hydroponic Enthusiast

Registered: 09/20/15
Posts: 123
Re: Tax Free Marijuana in Colorado on September 16th [Re: SleepAid]
    #794761 - 09/26/15 10:06 PM (8 years, 5 months ago)

That's good, because they took a lot of tax money. When I called about a recreational oz, a 90$ oz in CO it went from 109.##$ after tax. Fair but; how much money was made in a year due to cannabis tax in CO was tremendous

Extras: Filter Print Post Top
Jump to top Pages: 1

Shop: Original Sensible Seeds Autoflowering Cannabis Seeds, Bulk Cannabis Seeds   Bridgetown Botanicals Bridgetown Botanicals, CBD Capsules


Similar ThreadsPosterViewsRepliesLast post
* Oakland to license, tax indoor marijuana growers [CA] FurrowedBrowM 1,609 0 05/29/10 11:49 PM
by FurrowedBrow
* Grow4Vets gives out free marijuana to veterans in protest of State Health Board decision (CO) SleepAid 2,959 6 08/03/15 07:57 AM
by SleepAid
* Legalized marijuana: Colorado police say no negative impact 1 year after Amendment 64 SleepAid 975 0 01/20/15 08:50 AM
by SleepAid
* Feds Propose Taxing Marijuana, True Cash Crop SleepAid 883 0 12/10/14 07:48 AM
by SleepAid
* Marijuana Repeal Considered in Colorado SpaceMonkey 1,125 0 04/30/13 03:46 PM
by SpaceMonkey
* Marijuana Taxes Prove Sticking Point in Colorado SpaceMonkey 987 0 04/30/13 03:42 PM
by SpaceMonkey
* Battle to Legalize Marijuana in Massachusetts Begins Today SleepAid 2,138 2 05/13/16 02:05 PM
by cannabispatient
* States Push To Get The Most Out of Marijuana Taxes SpaceMonkey 1,287 0 04/26/13 12:38 AM
by SpaceMonkey

Extra information
You cannot start new topics / You cannot reply to topics
HTML is disabled / BBCode is enabled
Moderator: geokills
2,166 topic views. 0 members, 15 guests and 15 web crawlers are browsing this forum.
[ Show Images Only | Sort by Score | Print Topic ]
Search this thread:
World Seed Supply
Please support our sponsors.

Copyright 1997-2024 Mind Media. Some rights reserved.

Generated in 0.022 seconds spending 0.005 seconds on 12 queries.