Colorado to offer one-day tax holiday on marijuana
Colorado will repeal sales taxes on marijuana Sept. 16, thanks to a quirk in its constitution.
The one-time-only holiday from the 10 percent state sales tax on recreational pot is likely to generate buzz in the first state in the nation to legalize marijuana.
The little-noticed provision is part of a larger bill that Gov. John Hickenlooper signed into law Thursday that includes a ballot initiative in November and a permanent tax cut on recreational pot sales in 2017.
"This fiscal glitch that we have with the constitution ... that's part of the magic of living in Colorado," the Democratic governor said.
The impetus is the Taxpayer's Bill of Rights, a measure championed by conservatives. The constitutional provision requires voters to approve new taxes based on estimates of collections and state spending. If the actual amount exceeds the estimates, refunds are necessary.
Colorado isn't collecting more pot taxes than expected — actually, the amount is far less than projections — but total state spending exceeded initial estimates because of the improving economy.
"This is only a first-year problem," said Sen. Pat Steadman, D-Denver, who authored House Bill 1367. "We'll never have this problem again."
When triggered, TABOR also requires the tax rate to be cut to zero. State lawmakers agreed to eliminate the sales tax for one day to meet the constitutional obligations and then restore it. The tax holiday is expected to cost the state about $100,000 in revenue. The bigger price tag — $3.6 million — is what the state anticipates losing in revenue for a one-day elimination of the 15 percent excise tax on marijuana sales from cultivators to retailers.
Green Crack (Sativa)
Green Crack was originally bred in Athens, GA in the 1970s with the birth name of Cush. It was later renamed "Green Crack" by none other than Snoop Dogg because of its extreme potency and the crave to keep smoking it. Green Crack is extremely popular in Southern California with both medical marijuana patients for its strong sativa effects, and recreational users who love its sweet taste and happy high. Green Crack has a medium-green color punctuated with orange and bluish hairs. It has a tangy, fruity smell (thus the nickname "Mango") and the taste is sweet as well. There are two strains of Green Crack: one that is almost pure Sativa and one that is 75% Indica. The better known phenom is the sativa dominant strain, and the only sign of indica genetics being present are the tight nugs.
Mute Autistic 9-Year-Old Speaks For First Time After Consuming Cannabis Oil
Blue Dream (Hybrid)
Blue Dream is a cross of Blueberry and Haze and was bred to provide the body high of an indica and the cerebral sativa effects. Blue Dream is highly effective for pain management without the sedative effects of a pure indica. Effects are long lasting and she has a pleasant fruity taste.
Cannabis Might Be the Next Migraine Drug
- 189,972 Views Category: Odd
- 149,366 Views Category: Fun
- 138,964 Views Category: Culture
- 99,144 Views Category: Culture
- 98,025 Views Category: Fun
- 97,702 Views Category: Culture
- 78,806 Views Category: Culture
- 77,007 Views Category: Odd
- 68,913 Views Category: Fun
- 61,809 Views Category: Fun