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OfflineYthanA
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Colorado voters approve 25 percent taxes on recreational marijuana
    #19097253 - 11/06/13 07:44 PM (10 years, 3 months ago)

Colorado voters approve 25 percent taxes on recreational marijuana
yahoo.com

DENVER (Reuters) - A Colorado measure to impose sales and excise taxes of 25 percent on newly legalized recreational marijuana and earmark the first $40 million in revenue for public schools was approved by voters on Tuesday, Governor John Hickenlooper said.

The move showed a willingness on the part of Colorado voters to tax marijuana for the public benefit even as they roundly defeated a broader tax measure that would have increased state income taxes to raise $1 billion for schools.

Colorado and Washington last year became the first U.S. states to legalize marijuana for recreational purposes. But Colorado, whose constitution requires a statewide vote to approve tax increases, left it to voters to decide how to tax the newly legal drug.

"We are grateful voters approved funding that will allow for a strong regulatory environment, just like liquor is regulated," Hickenlooper said as returns showed 65 percent of voters in favor of the tax and 35 percent against with about a quarter of votes counted.

"We will do everything in our power to make sure kids don't smoke pot and that we don't have people driving who are high. This ballot measure gives Colorado the ability to regulate marijuana properly," the Democratic governor said in a statement.

Under the marijuana tax proposal, a combined 15 percent excise and 10 percent sales tax would be imposed on recreational pot sales, with the first $40 million raised to fund school construction projects.

In Denver, a local ballot measure that would tack an additional 3.5 percent city sales tax on pot shops also appeared headed for passage, by a margin of 69 to 31 percent with roughly a third of votes counted.

Even as many proponents of legalizing recreational marijuana supported taxing the drug, some within the pot legalization community opposed the tax.

Rachel Gillette, president of Colorado's chapter of the National Organization for the Reform of Marijuana Laws, said before the vote that her organization was not against taxing cannabis sales, but that the state was going too far.

"This is not keeping with the promise to tax marijuana like alcohol," Gillette said. "It's more like regulating the sale of plutonium than alcohol. It looks like a law-enforcement money grab."

BROADER TAX MEASURE FAILS

Backers of a statewide proposal that would have increased the state income tax to raise nearly $1 billion annually for public schools conceded defeat on Tuesday, as returns showed it losing 66 percent to 34 percent with about 25 percent of votes counted.

"Tonight, we know that goal isn't happening as soon as we'd like. But it will happen," said state Senator Mike Johnston, a Democrat from Denver.

The school funding constitutional amendment would have scrapped the state's current 4.63 percent flat income tax rate tied to federal adjusted gross income tax, and replaced it with a two-tiered income tax increase.

Under the proposal, taxpayers who made less than $75,000 would have paid a 5 percent rate and taxpayers who made over $75,000 would have faced a 5.9 percent rate.

Proponents of the measure say Colorado has for years underfunded public education, and sought voter approval to put school funding on a surer financial footing.

Opponents argued that Colorado requires local school districts to allocate tax revenues, so there is no guarantee on how the money will be spent at the local level, which could be used on teacher salaries or to backfill the state's underfunded public employees retirement fund.

Backers of the tax raised more than $10 million for their campaign, bombarding television and radio airwaves with ads, touting the need for money to fund full-day kindergarten, and to restore music, art and physical education programs.

Among the donors to the pro-tax measure were Microsoft founder Bill Gates and his wife Melinda and New York City Mayor Michael Bloomberg, who, combined, donated $2 million to the campaign.


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OfflineChuckfinely
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Re: Colorado voters approve 25 percent taxes on recreational marijuana [Re: Ythan]
    #19097931 - 11/06/13 09:50 PM (10 years, 3 months ago)

Big step in the right direction. Once other states start seeing how much they can make off this they'll fall in line.

Bill gates could probably have afforded to give more than 2 mil combined with someone else though :lol:


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Offlineniteman

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Re: Colorado voters approve 25 percent taxes on recreational marijuana [Re: Chuckfinely]
    #19098146 - 11/06/13 10:40 PM (10 years, 3 months ago)

Marijuana should be legalized. No stipulations just legalisation. Main difference between bud and alcohol taxwise is the fact that I can grow cannabis in my front yard. I don't want to be the only sour apple but I really disagree with the idea of taxing something that should be allowed to grow free all over the world to bring joy to everyone. On the flip side though it really makes me sick when I hear a grower bitching about how full legalisation will screw things up, or how "we are not ready". Bullshit you are greedy and you don't want someone else taking your profits. That is understandable and human but just be real about it. I could talk for hours about green and greed but I'm ranting so...


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Offlinemagickspore
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Re: Colorado voters approve 25 percent taxes on recreational marijuana [Re: niteman]
    #19098190 - 11/06/13 10:50 PM (10 years, 3 months ago)

The way I see it some people are willing to pay that little bit extra. To have someone else do the "dirty" work. While some of us are capable of growing it ourselves, others simply are not.  As long as they don't ban us from growing it ourselves for personal use. I see no reason why they shouldn't tax it.


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Offlineniteman

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Re: Colorado voters approve 25 percent taxes on recreational marijuana [Re: magickspore] * 1
    #19098490 - 11/07/13 12:07 AM (10 years, 3 months ago)

I get what you are saying and of course not everyone has a green thumb but it is a misconception that it is difficult to grow marijuana. Sure some do it better than others but you can throw some seeds in the dirt, water it and it will grow on its own without much maintenance. Hell it grows wild several places. People grow apples and along the way it gets taxed and sold, I have no problem with that. I do not want the government controlling it like they do many other things though. It irks me that so many dispensaries are run by the kind of self righteous hippie types that front like they are Jesus healing the sick when they are only in it for the cash. I do not want it to become a cash crop that people only see as another godamn commodity to invest in. It should grow in abundance in the wild and be available to all including the destitute and diseased. Who deserves a joint more a homless drifter or a comfortably wealthy upper class citizen? Who needs it more? Money needs to be taken out of the equation if we want to be compassionate and solve our weed problem.


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OfflineMilkdudTitties
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Re: Colorado voters approve 25 percent taxes on recreational marijuana [Re: niteman]
    #19098635 - 11/07/13 01:08 AM (10 years, 3 months ago)

Thats an interesting pipe dream you have. The fact is that weed is seen as a cash crop. If the government didnt get a large part of the profit, it would continue to remain illegal indefinitely

The simple fact that they are putting a fucking 25% tax (which is crazy IMO) on it proves this.


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OfflinePsilosopherr
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Re: Colorado voters approve 25 percent taxes on recreational marijuana [Re: MilkdudTitties] * 1
    #19098637 - 11/07/13 01:09 AM (10 years, 3 months ago)

doesn't 25% percent seem really high for a tax?


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Offlineniteman

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Re: Colorado voters approve 25 percent taxes on recreational marijuana [Re: MilkdudTitties]
    #19098659 - 11/07/13 01:19 AM (10 years, 3 months ago)

Its not a pipe dream bro its just the way I feel. Dont blame me because we don't agree. I was simply expressing my opinion how cannabis SHOULD exist in society. I'm not talking a utopia of free love and dank nugs, I just want less friggin regulation. I don't see how that is such a bad thing. I am a realist and I get it may not happen or it may happen. Nobody knows the outcome of events yet to come right? Also this is the shroomery not the US congress so I think I'm entitled to a little pipe dreaming anyway. Thank you for noticing though. Have a swell night fo real!


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Offlinetripp23
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Re: Colorado voters approve 25 percent taxes on recreational marijuana [Re: Psilosopherr]
    #19098660 - 11/07/13 01:19 AM (10 years, 3 months ago)

Quote:

rbalzer said:
doesn't 25% percent seem really high for a tax?




thats exactly what i was thinkin "wow". for ex. (hypothetical price, but standard)

1 g = $20.00

10% tax = $2.00

20% = $4.00

25% = $5.00

so $15 would go straight to the shop or w/e and that 5 would go straight to the govn.


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OfflinePsilosopherr
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Re: Colorado voters approve 25 percent taxes on recreational marijuana [Re: tripp23]
    #19098667 - 11/07/13 01:23 AM (10 years, 3 months ago)

Quote:

tripp23 said:
Quote:

rbalzer said:
doesn't 25% percent seem really high for a tax?




thats exactly what i was thinkin "wow". for ex. (hypothetical price, but standard)

1 g = $20.00

10% tax = $2.00

20% = $4.00

25% = $5.00

so $15 would go straight to the shop or w/e and that 5 would go straight to the govn.



a gram is 20 bucks where you come from? shit dude, ours is a little less than 10

It would probably just end up costing you 25 dollars in the scenario you laid out...right?


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InvisibleDebuteMachine

Registered: 09/29/06
Posts: 6,457
Re: Colorado voters approve 25 percent taxes on recreational marijuana [Re: tripp23]
    #19098677 - 11/07/13 01:25 AM (10 years, 3 months ago)

Quote:

tripp23 said:
Quote:

rbalzer said:
doesn't 25% percent seem really high for a tax?




thats exactly what i was thinkin "wow". for ex. (hypothetical price, but standard)

1 g = $20.00

10% tax = $2.00

20% = $4.00

25% = $5.00

so $15 would go straight to the shop or w/e and that 5 would go straight to the govn.




:thumbup:


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Offlineilluminati
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Re: Colorado voters approve 25 percent taxes on recreational marijuana [Re: DebuteMachine]
    #19099070 - 11/07/13 05:55 AM (10 years, 3 months ago)

I've got somewhat mixed views on this.  While I'm absolutely for widespread legalization, if the money is actually being used to better schools, why would that be bad?  I'm sure some of it will end up in the pockets of politicians, but that could be said for anything; if there's money to be made, it will end up in the pockets of the greedy. 

Personally, if I had to pay an extra $50-75 for an ounce to know that I couldn't be arrested for it, I would just think of it as a "donation" to public education.

I think we could look at this as a good thing.  While 25% does seem pretty high, think of all the good that could be done as a result of more people smoking weed.


--------------------
I didn't get turned on I just got turned
I wasn't as aroused as I was concerned
for each one of 'em I've hurt
and every time I've been burned
I've got a lot to teach but even more to learn


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Offlinestzacrack
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Re: Colorado voters approve 25 percent taxes on recreational marijuana [Re: niteman]
    #19099148 - 11/07/13 07:01 AM (10 years, 3 months ago)

Quote:

niteman said:
Marijuana should be legalized. No stipulations just legalisation. Main difference between bud and alcohol taxwise is the fact that I can grow cannabis in my front yard. I don't want to be the only sour apple but I really disagree with the idea of taxing something that should be allowed to grow free all over the world to bring joy to everyone. On the flip side though it really makes me sick when I hear a grower bitching about how full legalisation will screw things up, or how "we are not ready". Bullshit you are greedy and you don't want someone else taking your profits. That is understandable and human but just be real about it. I could talk for hours about green and greed but I'm ranting so...




yea for real.

will it eventually mean people will have to buy gov. buds? not able to grow their own?

i don't live where people grow bud in their front yards, pardon my ignorance lol


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OfflineAbsent Minded
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Re: Colorado voters approve 25 percent taxes on recreational marijuana [Re: stzacrack] * 1
    #19099211 - 11/07/13 07:40 AM (10 years, 3 months ago)

Do we have any CO heads in here who can comment on the price they're paying now?
I know herb is dirt cheap out there.
NJ prices, typically, will be:
90-120 a Q
180-220 a Half
300-400 a zip
I believe in CO, OR, WA, etc. it's roughly HALF those prices? So you get a half for what we pay for a Q?
How are the dispensary prices? Steep? Any idea what the LEGAL pries will be, in the shops that are not medical?
If a gram is only $7 bucks (which I see no reason it should be higher in a legal state, IMHO), a 25% tax on that would only make it $8.75. This, I can afford :bigjoint::bigjoint::bigjoint:
Granted I know nothing of how much it costs to manufacture herb, but wasn't the whole $50-100 ounces if it was legalized number floating around for a while?
Ounces for a hundred, after taxes? and it's legal? :drooling: :drooling: :drooling:


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InvisibleElVatoFirme
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Re: Colorado voters approve 25 percent taxes on recreational marijuana [Re: Absent Minded]
    #19099467 - 11/07/13 09:10 AM (10 years, 3 months ago)

From what I know about the current marijuana scene in Colorado, the prices vary widely depending on the region of Colorado.

When you're close to another state, it's not all too uncommon to find prices in the ranges you just stated (though I doubt its ever above 300 a zip here).  This is because, obviously, it could be transported right across state lines and profits would be doubled, easily.

However, in central Colorado (dispensary) prices are:
8 - 10 a g
20 - 30 an 1/8
40 - 55 a 1/4
75 - 100 a 1/2
120 - 165 a full

Street prices usually stay around 200 a zip.  But with everyone (and in Colorado, I do mean everyone) harvesting right now, I don't see many people getting away with selling it for that much.


--------------------
Did you know the pen
Is stronger than the knife?
And they can kill you once
But they can't kill you twice
Did you know destruction of the flesh
Is not the ending to Life?
Fear not of the Anti-Christ

- Damian Marley -


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Offlineshopdropper
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Re: Colorado voters approve 25 percent taxes on recreational marijuana [Re: Absent Minded]
    #19099500 - 11/07/13 09:20 AM (10 years, 3 months ago)

250 -300 a zip in pa


--------------------
DON'T TRY THIS AT HOME: no guarantees can be made about the accuracy of the information herein. The information dicussed in these posts is purely hypothetical, and for intelectual purposes only. Any similarity between internet chat and real life is pure coincidence.

:google:


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OfflineAbsent Minded
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Re: Colorado voters approve 25 percent taxes on recreational marijuana [Re: ElVatoFirme]
    #19099805 - 11/07/13 10:48 AM (10 years, 3 months ago)

Quote:

ElVatoFirme said:
From what I know about the current marijuana scene in Colorado, the prices vary widely depending on the region of Colorado.

When you're close to another state, it's not all too uncommon to find prices in the ranges you just stated (though I doubt its ever above 300 a zip here).  This is because, obviously, it could be transported right across state lines and profits would be doubled, easily.

However, in central Colorado (dispensary) prices are:
8 - 10 a g
20 - 30 an 1/8
40 - 55 a 1/4
75 - 100 a 1/2
120 - 165 a full

Street prices usually stay around 200 a zip.  But with everyone (and in Colorado, I do mean everyone) harvesting right now, I don't see many people getting away with selling it for that much.



:drooling::drooling::drooling::drooling::drooling:
That's seriously incredible. Central you mean like Denver, CS, along the I-25 corridor, yeah?


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OfflineLord_McLovin
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Re: Colorado voters approve 25 percent taxes on recreational marijuana [Re: Absent Minded]
    #19099937 - 11/07/13 11:17 AM (10 years, 3 months ago)

Those prices are still way too high. I can understand paying around 10 $ a gram on the black market, but on a fully legal, commercialized market the price shouldn't be more than 1 $ a gram for low to mid-grade weed, say without taxes. Don't forget that it's the illegality of it that makes weed so incredibly expensive, without it being illegal there's no reason to keep the prices at that level (apart from the greed of the people selling it).

Anyhow, it will take some time for prices to drop that much. Only fully-commercial, large scale companies will be able to produce it at such a price and they don't exist yet - but they will appear and slowly kick the small time growers off the market (that actually need such a high price to make their business profitable).
You can pretty much compare it to beer from a large company vs. beer from micro-breweries. The latter do exist, but they are more for connoisseurs than the actual populace. It's gonna be the same with weed.

If you look at it from that perspective, a 25% tax actually isn't that much and quite reasonable. Hell, there's countries in Europe where there's a 350% (!) tax on tobacco products! However, what they are doing is creating a black market again, while colorado's initiative is aimed at getting rid of/reducing the black market.
In my opinion, a 25% tax is very reasonable to achieve that goal.


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InvisibleBender B Rodriguez
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Re: Colorado voters approve 25 percent taxes on recreational marijuana [Re: Absent Minded]
    #19101824 - 11/07/13 05:20 PM (10 years, 3 months ago)

Quote:

Absent Minded said:
Do we have any CO heads in here who can comment on the price they're paying now?
I know herb is dirt cheap out there.
NJ prices, typically, will be:
90-120 a Q
180-220 a Half
300-400 a zip
I believe in CO, OR, WA, etc. it's roughly HALF those prices? So you get a half for what we pay for a Q?
How are the dispensary prices? Steep? Any idea what the LEGAL pries will be, in the shops that are not medical?
If a gram is only $7 bucks (which I see no reason it should be higher in a legal state, IMHO), a 25% tax on that would only make it $8.75. This, I can afford :bigjoint::bigjoint::bigjoint:
Granted I know nothing of how much it costs to manufacture herb, but wasn't the whole $50-100 ounces if it was legalized number floating around for a while?
Ounces for a hundred, after taxes? and it's legal? :drooling: :drooling: :drooling:




I get ounces for $150-$175

If I just want a quarter its $50

However I don't think the current prices will be a good indicator for the prices in legal shops.  I think it will cost more, considering shop owners will have to pay to keep their shop running, and that is very expensive.

The issue I see with the high tax is that it could keep the black market for it alive.  The people who already smoke will make up 95%+ of the people ho will smoke when it is available for legal sale.  These people already get their weed illegally through grower and dealers.  The black market structure for growers and dealers is very well developed.  As one could imagine, there are a LOT of growers in Colorado.  If the growers and dealers will be willing to sell for less than the legal shops, people will still buy illegally.  I think it will be hard for legal sellers to compete with the black market.


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OfflineLizard Eyes
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Re: Colorado voters approve 25 percent taxes on recreational marijuana [Re: ElVatoFirme]
    #19102369 - 11/07/13 07:19 PM (10 years, 3 months ago)

Quote:

ElVatoFirme said:
From what I know about the current marijuana scene in Colorado, the prices vary widely depending on the region of Colorado.

When you're close to another state, it's not all too uncommon to find prices in the ranges you just stated (though I doubt its ever above 300 a zip here).  This is because, obviously, it could be transported right across state lines and profits would be doubled, easily.

However, in central Colorado (dispensary) prices are:
8 - 10 a g
20 - 30 an 1/8
40 - 55 a 1/4
75 - 100 a 1/2
120 - 165 a full

Street prices usually stay around 200 a zip.  But with everyone (and in Colorado, I do mean everyone) harvesting right now, I don't see many people getting away with selling it for that much.





Being one state over, after legalization in colorado happened weed prices in Utah are only slightly above what you posted. Prices dropped so fast here after it happened, it was like every week my friend could hook up a better sack :lol: :discodance:


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Every little thing is gonna be alright:heart:  All you need is love :love: Nobody's right, Nobody's wrong, Life's just a game it's just one epic holiday! :peace:


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