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City wants voters to put 6 percent tax on medical marijuana
DENVER - A Denver City Councilman wants to ask voters this fall whether to increase the taxes on medical marijuana to fund youth programs.
Councilman Doug Linkhart says the proposed 6 percent sales tax on medical marijuana could raise roughly $4.2 million per year for after school, summer and recreation programs as well as crime prevention services.
Medical marijuana products already face a 3.62 percent sales tax in the City and County of Denver and a 4.1 percent sales tax from the state.
Linkhart says the goal of the tax increase is to reduce dropouts, increase graduation rates and with a special attention to middle-school students.
The measure gets its first public hearing in front of the City Council Safety Committee on July 21.
If passed, the money from the new tax would be split three ways. Half would go to after-school and summer programs (projected $2 million/year) and 25 percent (approximately $1 million each) would go to recreation and crime prevention programs. A community oversight board would be established to oversee the distribution of the funding.
Medical marijuana advocates, who have seen state lawmakers implement significant regulations on the industry this year, say they don't oppose the ballot measure.
"Colorado's medical marijuana industry has tirelessly demonstrated its commitment to local communities," said Jessica Corry, a Denver lawyer who advocates for the rights of both patients and medical marijuana dispensaries. "[The industry's] members will likely support this, as California's have, as a way to further prove their legitimacy. Denver's dispensaries already pump millions into the city's economy and while now is a tough time to ponder new taxes, this may be yet another opportunity for medical marijuana to save the economic day."
DENVER - A Denver City Councilman wants to ask voters this fall whether to increase the taxes on medical marijuana to fund youth programs.
Councilman Doug Linkhart says the proposed 6 percent sales tax on medical marijuana could raise roughly $4.2 million per year for after school, summer and recreation programs as well as crime prevention services.
Medical marijuana products already face a 3.62 percent sales tax in the City and County of Denver and a 4.1 percent sales tax from the state.
Linkhart says the goal of the tax increase is to reduce dropouts, increase graduation rates and with a special attention to middle-school students.
The measure gets its first public hearing in front of the City Council Safety Committee on July 21.
If passed, the money from the new tax would be split three ways. Half would go to after-school and summer programs (projected $2 million/year) and 25 percent (approximately $1 million each) would go to recreation and crime prevention programs. A community oversight board would be established to oversee the distribution of the funding.
Medical marijuana advocates, who have seen state lawmakers implement significant regulations on the industry this year, say they don't oppose the ballot measure.
"Colorado's medical marijuana industry has tirelessly demonstrated its commitment to local communities," said Jessica Corry, a Denver lawyer who advocates for the rights of both patients and medical marijuana dispensaries. "[The industry's] members will likely support this, as California's have, as a way to further prove their legitimacy. Denver's dispensaries already pump millions into the city's economy and while now is a tough time to ponder new taxes, this may be yet another opportunity for medical marijuana to save the economic day."