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Denver considers additional marijuana tax

By Associated Press
Published On: Jul 09 2013 11:08:30 AM CDT
Updated On: Jul 09 2013 11:10:33 AM CDT
Marijuana joint
DENVER (AP) -

The Denver City Council is considering asking voters to approve an additional tax on recreational marijuana to cover the costs of regulation.

That would be in addition to a ballot measure in November asking Colorado voters to approve a 15 percent excise tax plus a 10 percent statewide sales tax on all retail marijuana purchases.

The Denver Post reports marijuana advocates are worried that excessive taxes could destroy the whole idea around voter-approved recreational marijuana use.

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