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The time is upon us and the Denver law makers are putting together their plan to tax the recreational marijuana industry. It's looking like they are going to settle on a plan to impose a 15% excise tax, a 10% state wide tax and the Denver City Council is discussing adding a city tax between 5 and 15% which would have to be approved by voters in November.
Hmmm....looking like there is going to be at least a 30% tax and maybe more. So if a recreational outlet it selling and oz for $150 the final transaction after tax would be $195. I'm thinking that will keep a lot of peeps in the black market. With cities and counties having the right to impose a moratorium making it hard to access and the state limiting the size of purchase thinking it is gonna be more trouble than it's worth to go to a legal facility.
You can bet that if you go in one of these outlets that the gov't is going to know how often you visit, how much you purchase and keep a record of it. I would also be willing to bet that after a year or so they will loose track of everything and have to raise taxes even more to help cover the expenses of an inept system.
Bottom line....wanta fuck up a good thing, just add the Government in to the equation.
Hmmm....looking like there is going to be at least a 30% tax and maybe more. So if a recreational outlet it selling and oz for $150 the final transaction after tax would be $195. I'm thinking that will keep a lot of peeps in the black market. With cities and counties having the right to impose a moratorium making it hard to access and the state limiting the size of purchase thinking it is gonna be more trouble than it's worth to go to a legal facility.
You can bet that if you go in one of these outlets that the gov't is going to know how often you visit, how much you purchase and keep a record of it. I would also be willing to bet that after a year or so they will loose track of everything and have to raise taxes even more to help cover the expenses of an inept system.
Bottom line....wanta fuck up a good thing, just add the Government in to the equation.