Denver Post Wednesday November 6, 2013
Well it passed. Maybe it will make weed more a more mainstream commodity. I was not in favor of such a high tax. There will be a state 15% excise tax on wholesale product and an additional 10% state retail sales tax. Denver city stacked an additional 3.5% sales tax on top of that. The Denver tax may be raised as high as 15% without asking voters if the city wants more money. My hope is that when the politicos see the $$ they won't repress weed.
Well it passed. Maybe it will make weed more a more mainstream commodity. I was not in favor of such a high tax. There will be a state 15% excise tax on wholesale product and an additional 10% state retail sales tax. Denver city stacked an additional 3.5% sales tax on top of that. The Denver tax may be raised as high as 15% without asking voters if the city wants more money. My hope is that when the politicos see the $$ they won't repress weed.