Denver City Council asks voters to OK 3.5% sales tax on recreational pot

DENVER — The Denver City Council has decided to ask voters to approve a 3.5 percent sales tax on retail recreational marijuana.

Tpothe measure will go on the ballot in November.

Denver Mayor Michael Hancock had wanted a 5 percent sales tax, but the City Council voted Monday night to go with 3.5 percent.

In the same measure, however, voters will be asked to permit the council to change the rate at any time to as high as 15 percent in the future.

According to the Denver Post, Chief financial officer Cary Kennedy said the 3.5 percent tax is expected to bring in $3.4 million a year to pay for regulation, enforcement and education around the new industry. At 5 percent, the tax would have brought in an estimated $4.8 million, she said.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

3 comments

  • NAVYTOWN

    Why should the government be 'taxing' marijuana to begin with? Just another money-grab by the greedy politicians. NO TAX ON POT!!!!

  • Bootlegger59

    I am against ANY 'pot' being sold……'recreationally', at all!!!!! We have far too many drunks wandering around, there is absolutely no need for a bunch of buzz happy mud puppies roaming around, probably killing or maiming people or destroying property. We don't need any drug takers out here, so take your marijuana crap and just stuff it down a toilet somewhere, I couldn't find a better place to put it………it goes with all the other 'crap' that's out there.


Related Stories