18 votes

Colorado Voters Approve 25 Percent Taxes on Recreational Marijuana

Colorado Voters Approve 25 Percent Taxes on Recreational Marijuana

By Keith Coffman | Reuters – 8 hours ago..

By Keith Coffman

DENVER (Reuters) - A Colorado measure to impose sales and excise taxes of 25 percent on newly legalized recreational marijuana and earmark the first $40 million in revenue for public schools was approved by voters on Tuesday, Governor John Hickenlooper said.

The move showed a willingness on the part of Colorado voters to tax marijuana for the public benefit even as they roundly defeated a broader tax measure that would have increased state income taxes to raise $1 billion for schools.

Colorado and Washington last year became the first U.S. states to legalize marijuana for recreational purposes. But Colorado, whose constitution requires a statewide vote to approve tax increases, left it to voters to decide how to tax the newly legal drug.

Read more: http://ca.news.yahoo.com/supporters-declare-victory-colorado...



Trending on the Web

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

this

.

Great statement! I will

Great statement! I will definitely remember that one.

The human race divides politically into those who want people to be controlled and those who have no such desire. - Heinlein

It reminds me of a mammy to her son

she said, "Son, when you ain't got no education, you just gotta use your BRAINS!"

This is true of all races, AND all ages, eh?

Find out just what any people will quietly submit to and you have the exact measure of the injustice and wrong which will be imposed on them. - Frederick Douglass

yup, while not exactly the same,

but it's the same psychological premise behind how Madison Ave. utilizes Ed Bernaysian propaganda: sell back to you, what's always been yours.

In their case, your own insecurities (which EVERYONE has, it just depends on how one manages their own set of insecurities in minor to major range) that you may have had in a very small amount of, but they present an hyper-exaggerated form of it, thus giving you the impression that it is an urgency that needs 'fixin',' then they provide their clients' products as the 'solution.'

It's the same problem, reaction, solution modus operandi.

But, the real solution was ALWAYS within us all: never needed any 'selling back' because it was always ours to begin with.

It truly is so insane how crazy simple it is, yet it is the most difficult human reality: all it takes for humanity's tyrannical course to stop, is within each individual's mind, they simply need to decide that they have that individual power, and simply decide that they will not accept any form of exterior aggression nor their aberrant arbitrary dictates, and simply decide to not comply.

It literally is as easy as a critical mass of humanity simply changing their minds; no actual 'action' needed, just thoughts.

Yet, that is the single most difficult thing for most people to do; it literally takes a personal catharsis of sorts.

Which, is also the reason why throughout human history, every ruling class of every given epoch expended most of their resources and manpower on mass-hypnosis/brainwashing/propaganda; for we are many, they are a few, and there's always a limit to a physical-on-the-ground-tyranny: they always have to convince their 'peons' to police each other, and themselves.

It's like some sick Cosmic Joke.

oy veh!

Well:

The question is what happens when you have no more rights left to steal and no more wealth left to pay the extorsion?

the same thing that has always happened: a physical revolution, fast collapse, ashes, rise, rebuild, some freedom, small state, decadence, bigger state, tyranny, then collapse, press recyle/respin button on the Wheel of Fate, all over again.o/

Predictions in due Time...
http://www.youtube.com/watch?v=zGDisyWkIBM

"Let it not be said that no one cared, that no one objected once it's realized that our liberties and wealth are in jeopardy." - Dr. Ronald Ernest Paul

LOLOLOL

tax at 25%, WTF? They didn't even do that here in Cali.

If I lived their I'd just be growing in a closet. Hella stupid!!

tasmlab's picture

Not too bad

From a relativist POV, this isn't too onerous. Our taxes on alcohol here are closer to 50% and I think tobacco is way more.

Now, if the market were able to sell cannibis somewhere around where another plant of its growing capacity and charged say a 200% profit margin it would be priced similarly to a head of cabbage I believe. It's a pretty easy crop to grow I've heard.

Any industrial farming scale operation could probably be selling an ounce of product for a couple dollars.

Yea, taxes and home-growing bans are bad, but this sounds like a wholesale improvement over what the rest of the country has i.e., $100's of dollars for an ounce on the black market and then go to jail for having it.

Currently consuming: Gatto: "Underground history of education..", FDR; Wii U; NEP Football

Template

Agreed. This could be seen as a template by the rest of the Country where pot is illegal and young people go to prison. If some of these areas would look at the possibility of government income, they might be more willing to make pot legal.

NO offense but I don't think you know enough about the plant

You are making alot of assumptions here bud. Herb isn't some set it and forget it crop by any stretch of the imagination. If you grow indoors WHICH is a preferred method by many of us growers, lights, fans, a/c's and the other "growing costs" and skills needed are NOT learned overnight nor are they cheap.

Growing outdoors especially herb has to be done in certain areas and if it rains during the summer ( many places around the U.S. have summer showers ) then mold and other issues will set in. Deer LOVE herb so fencing or a greenhouse is needed. There is also the issue with rippers stealing your entire crop right around harvest time.

Even at $200 an ounce the profit margin isn't that large especially once you add in all the costs to grow. Indoors itself running 2k watts of lights plus the rest will put your monthly e-bill into the hundreds and that is monthly.

A normal indoor grow takes you 3-4 months ( 2 months for flower ) and that is if you don't allow the plants to veg all that much. Now some growers especially those who want YIELDS will allow plants to veg for 1-3 months then they put them into flower. Veg lights are on 18/6 or 24/0 whereas flower uses 12/12 and it adds up cost wise pretty fast.

To have OUNCES for dollars will allow you to enjoy the brick weed filled with seeds and NO that is not something people would want to pay for.

The so called black market IS more of a free market than this bs 25% tax. If someone grows amazing herb and charges $300 a zip for it and people were not willing to BUY IT, the grower will need to lower their price OR not be able to unload any of it.

When everything was more legalized in Cali ( that is where I grew for YEARS and you can check my YT channel for all that stuff )the prices for ounces ( zips ) did come down but anything in the $50 to $100 an ounce pricing was TERRIBLE meds unless you knew a grower who was willing to eat the costs or sell some of his own personal stock.

Seeds alone from reputable breeders cost $10 a piece, now you can end up getting cuttings and have that strain for life BUT many growers run fresh seeds each time because clones can end up bringing issues into your grow especially if you get your clones from another grower ( many issues include powdery mildew, spider mites and many other irritants ).

One simple way to look at it is this, it takes most growers a good 6 cycles before they finally get the hang of things OR are able to produce any worthwhile amount of meds at the end. When I first got started I was STOKED to hit 1/4 ounce for a plant dried and that would be done within a month just by smoking a joint or two a day. So you spend 3 months growing meds that last less than a month.

The best recommendation is this, grow your own and the only cost per ounce you will have to deal with is based on your skills, your setup, your e-bill monthly and the costs of the seeds/clones.

I love the black market compared to any taxed to the ass option any day. Another thing is, once you grow your own it is hard to want to buy something from someone else especially if you don't know what sort of nutes they used. I don't smoke anything with chemicals or that wasn't dried/cured for at least a month and I don't see any "industrial farming scale" wait for any of that to happen.

http://shelfsufficient.com - My site on getting my little family prepped for whatever might come our way.

http://growing-elite-marijuana.com - My site on growing marijuana

Agreed!

Growers are some of the hardest working people I've known!

tasmlab's picture

Another way to think about it

Outside of saffron stamens, is there any plant grown that is hundreds per ounce? Nearly all plants require the right geography, elimination of mold/insects, high quality seeds, etc. It's hard to fathom that THIS plant is so different. Even from your description, most of the costs are attributed to :
- Being required to keep operations very very small - many people are talking closets on here, not hectares
- No specialization of labor, rather one expert doing everything
- Nearly all manual processes
- Steep learning curves

Currently consuming: Gatto: "Underground history of education..", FDR; Wii U; NEP Football

tasmlab's picture

Thanks for the info

I appreciate your long and detailed post. No offense taken.

I lived with a guy with an extensive hydroponic system and it was fairly laborious, yields were still low, light and electricity were expensive and getting good seeds or clones wasn't easy. Agree with you all there.

I'm making a broad assumption, but I was thinking of how Philip Morris would produce it on similar scales to tobacco. I would assume that it would be processes, have chemicals added, be lower quality than the heirloom stuff you talk about, and would be highly commodotized to the point where high end connoisseurs would be turned off.

But I'm thinking of when they are producing it by the millions of pounds at a time. They would R&D strains via the laboratory, raise seeds en masse, use tractors and migrant labor to cultivate, have enormous processing plants, have guarded fields (against the deer and the rippers), would proceduralize their six month cycle, and hire long tenured experts. etc.

I think the cost differential would be similar to any consumer product they decide to make tons off. It would cost me $200 to create a few pints of Ben and Jerry's icecream or to raise a single and slaughter a single chicken.

I'm speaking theoretically here about commercial mass production. I'd certainly follow your advice given how things are now. When offered a $400 oz that looks and smells great compared to a $100 oz that looks crusty and musty, I dole out the $400 every time.

Currently consuming: Gatto: "Underground history of education..", FDR; Wii U; NEP Football

sorry folks did my best,

sorry folks did my best, bottom line GROW YOUR OWN, or support the local black(GREEN) market over the corrupt state. They just strengthened the black market again thank god locally it is not cartel;)

this will help folks be able to sell marijuana again to pay for the extortion obamacare, kinda look at it as good news.

Ron Paul 2016

So they just made Cannibus illegal again.

What percentage of eligable voters impose the in the majority.

30% tells 70% what to do?

Does Colorodo use electronic cheating machines?

Free includes debt-free!

it can be bypassed by getting

it can be bypassed by getting a med card or growing your own or helping your local grower by not buying from the state.

Ron Paul 2016

Is that what was meant by "recreational use"?

-

Free includes debt-free!

yep, the best way to shield

yep, the best way to shield yourself is to choose medical marijuana over the deadly aspirin. This tax on applies to personal recreational not medical so you can shield yourself and the protections are far better under medical.

not a perfect system but there are ways around it.

Ron Paul 2016

Hello

black market!

"It is difficult to free fools from the chains they revere".
--Voltaire

It's hard not to be a menace to society when half the population is happy on their knees. - unknown

sucks

.