After becoming one of the first states to legalize recreational marijuana last year, Colorado set another new standard on Tuesday when voters approved a pot sales tax.
Recreational cannabis sales will have a 25 percent tax slapped on them starting Jan. 1, when retailers begin selling pot legally, with 15 percent of that being an excise tax to be used for public school construction projects and 10 percent being a special sales tax to fund enforcement of regulations on the retail marijuana industry. Continue reading “Colorado votes to tax legal marijuana”