Current Weather
The Spy FM

Colorado Lawmakers Set Taxes And Rules For Marijuana Sales

Filed by KOSU News in US News.
May 9, 2013

Colorado is set to become the first U.S. state to regulate and tax sales of recreational marijuana, after lawmakers approved several bills that set business standards and rules. Legislators expect enforcement of the rules to be paid for by two taxes on marijuana — a 15 percent excise tax, and a 10 percent sales tax.

Other measures included in the package set limits on how much marijuana visitors to Colorado can buy (a quarter of an ounce), as well as a limit on how many cannabis plants a private citizen can grow (six).

Gov. John Hickenlooper has indicated he will sign the legislation, according to The Denver Post. Colorado voters first approved the legalization of pot for recreational use by people over age 21 in a ballot initiative last November.

Voters adopted a similar measure in Washington state, where plans for regulation and taxation are still being formed.

“The first legal marijuana should be on sale in Washington in March 2014,” reports the Seattle Post-Intelligencer, “and Colorado will have its cannabis stores open as soon as Jan. 1.”

Like all new Colorado taxes, voters must approve the new taxation system in a ballot initiative this autumn.

Other states are already taxing pot, but those levies cover medical marijuana. California reportedly raises more than $100 million a year on such sales.

The Colorado legislation adopted Wednesday also includes a requirement that “pot must be sold in child-resistant packages with labels that specify potency,” The Post reports. “Edible marijuana products will have serving-size limits.” [Copyright 2013 NPR]

Leave a Reply

9AM to 10AM The Takeaway

The Takeaway

A fresh alternative in morning news, "The Takeaway" provides a breadth and depth of world, national and regional news coverage that is unprecedented in public media.

Listen Live Now!

10AM to 11PM On Point

On Point

On Point unites distinct and provocative voices with passionate discussion as it confronts the stories that are at the center of what is important in the world today. Leaving no perspective unchallenged, On Point digs past the surface and into the core of a subject, exposing each of its real world implications.

View the program guide!

11AM to 12PM The Story

The Story

The Story with Dick Gordon brings the news home through first-person accounts. The live weekday program is passionate, personal, immediate and relevant to listeners, focusing on the news where it changes our lives, causes us to stop and rethink, inspires us.

View the program guide!

Upcoming Events in your area (Submit your event today!)

Streaming audio and podcasts

Stream KOSU on your smartphone

Phone Streaming

SmartPhone listening options on this page are intended for many iPhones, Blackberries, etc. with low-cost software applications available to listen to our full-time web streams, both News on KOSU-1 and Classical on KOSU-2.

Learn more about our complete range of streaming services

We're perfecting the patient experience - Stillwater Medical Center