Marijuana

Colorado Voters Approve Marijuana Tax

In addition to existing sales tax

|

A year after Colorado approved recreational use of marijuana, voters passed a statewide tax on marijuana Tuesday.

With 55% of precincts reporting, the proposition was passing 64 to 35. The legislation creates a 15% tax that retailers must pay to suppliers, and a 10% state sales tax on marijuana purchases. The new taxes are on top of Colorado's existing 2.9% sales tax.

Advertisement