Marijuana tax windfall from Proposition AA unclear for Colorado cities

[Jesus Malverde]

In Northglenn, there's been discussion of marijuana taxes paying for a senior exercise center or traffic-safety improvements around schools.

In Denver, officials expect pot tax money to fund regulation of marijuana stores or educational campaigns. And in Glendale, the talk has been that there isn't anything to talk about yet.

"It's too ambiguous at this point for anyone to depend on," said Chuck Line, Glendale's deputy city manager.

As voters this week decide whether to place substantial excise and sales taxes on recreational marijuana, cities around the state are taking different approaches to planning for how they would spend their share of the money if the measure passes.

Proposition AA would impose a 15 percent excise tax on wholesale transfers of recreational marijuana and another 10 percent statewide sales tax at the retail level. The excise tax money would go toward school construction, as specified in the constitutional amendment passed last year that legalized recreational marijuana sales.

Local governments that allow pot sales will get a 15 percent cut of the statewide sales tax money.

http://www.denverpost.com/marijuana/ci_24447584/marijuana-tax-windfall-from-proposition-aa-unclear-colorado

[Politicalboi]

1. They should keep pot to at least

$200.00 an ounce for now. Then when the taxes kick in lower it every 5 years by $50.00. People will pay $200.00 for good bud knowing it's doing what we all wanted it to do all these years. Help the states that endorse it. I buy and smoke it, and $50.00 for a good 1/4 oz bag is a deal, so keeping it at $200.00 an ounce would be a good thing.