Continue to Site »
Site will load in 15 seconds
Advertisment: FundCanna » FundCanna Order 123 » CBT ROS 970X250 Billboard Ad Sept 2-30 2025 » RP CBT 970x250

Colorado to ask voters for state to keep marijuana tax money, marijuana sales tax to drop to 8 percent


Noelle New Headshot Fmt Headshot

DENVER - Colorado voters will be asked in November whether the state can retain an estimated $58 million in recreational marijuana taxes that have been collected this fiscal year.

Gov. John Hickenlooper signed a bill Thursday morning that puts the question on the ballot.

Voters authorized a 10 percent sales tax and 15 percent excise tax on recreational marijuana in 2013.

But a never-before-triggered rule under the Taxpayer's Bill of Rights means the state will have to refund all of the money generated by those taxes in the 2014-15 fiscal year that ends June 30.

Read more

Related Story: Colorado to offer one-day tax holiday on marijuana

Advertisment: Cannabis Business Times » Cannabis Business Times Best Cannabis Companies to Work For » CBT Best Companies ROS 300x250 Medium Rectangle » great-place-2026-animation300x250.gif
Advertisment: Cannabis Business Times » Cannabis Business Times Best Cannabis Companies to Work For » CBT Best Companies ROS 300x250 Medium Rectangle » great-place-2026-animation300x250.gif
Page 1 of 491
Next Page
Advertisment: Greentank » Greentank Order 111 » CBT ROS Mobile Adhesion 360x120 September 2025 » gt-ac-360x120