Millions in Colorado Marijuana Taxes May Need to Be Refunded

February 16, 2015
AggregatedNews
Colorado, Policy & Legal
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Colorado voters overwhelmingly passed heavy taxes on marijuana, and the state has collected tens of millions in the first year of legalization.

But all of the taxes raised from pot have to be refunded, unless lawmakers can agree on a solution. The Taxpayer Bill of Rights section of the state Constitution is triggering the refund, putting money for schools and prevention programs at risk.

For now, dispensaries like Colorado Harvest Company in Denver charge 22 percent in taxes for every pre-rolled joint, vaporizer, or brownie.

It’s an expense that customer Jason Swart doesn’t mind paying.

“Just for the convenience of being able to come in, go to a store, and the selection — I think it’s well worth it,” Swart said. [Read more at Colorado Public Radio]

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