25 percent marijuana tax clears Colorado House
Category: Legalization | Posted on Wed, May, 1st 2013 by THCFinder
DENVER (AP) -- Recreational pot taxes above 25 percent have won final approval in the House and await action in the Senate.
The tax vote was a party-line 37-27 without debate Tuesday. The taxes would be a 15 percent excise tax, with the money used for school construction, and a new 10 marijuana sales tax, to pay for regulation and enforcement. Those would be in addition to a statewide 2.9 percent sales tax and any local sales taxes.
Republicans say that the pot tax rate may be too high, and voters may reject the taxes on ballots this fall. Democrats argue that Coloradans want marijuana taxed steeply, and that the high tax rate is in line with other sin taxes such as tobacco taxes and gaming taxes.
Retail pot sales begin in January.
New Jersey Marijuana Laws Face Constitutional Challenge
Category: Medical Marijuana | Posted on Wed, May, 1st 2013 by THCFinder
Court Brief Argues Law Is Unconstitutional And Invalid
Burlington County, New Jersey — A prolific New Jersey Marijuana Activist, Robert Edward “NJ Weedman” Forchion has released a legal brief challenging the constitutionality of New Jersey’s marijuana laws designed to be used by anyone charged with violating the personal possession law that has caught the attention of major NJ Media.
The brief was written by Robert Edward “NJ Weedman” Forchion and Eric Hafner who acted as co-counsel on the brief.
Read more: http://www.theweedblog.com
Cloudy with a chance of Sunshine
Category: Fun | Posted on Tue, April, 30th 2013 by THCFinder
Check out our friends at StonerDays.com
You Probably Won't Be Able To Buy Marijuana With A Credit Card Anytime Soon
Category: News | Posted on Tue, April, 30th 2013 by THCFinder
Now that marijuana is legal in small amounts in Washington and Colorado, officials in those state are having a heckuva time figuring out how to regulate those businesses and collect taxes on their daily doings. But even with the approval of state governments, there’s still the tricky question of how these establishments will be able to do their business — in other words, will customers be able to pay with cash, check or credit?
The ease and convenience of pulling out your plastic to make a purchase makes it a popular way to pay, but because marijuana is illegal under our country’s Controlled Substances Act, for now it’s likely going to be a cash-only business for growers and sellers, notes CNNMoney. Basically, banks don’t want be accused of money laundering, so they won’t take on businesses connected with drugs even if they’re legal in a certain state.
That puts such businesses into a cash-only position, which can be tough on both the owners and the customers. One Seattle store’s CEO said American Express and Discover dropped him last fall, and Visa and Mastercard bowed out soon after. He had to buy his own ATM and fill it with his own cash, then deposit the rest at his bank. The whole thing makes him a bit squirrelly.
“The more cash you have sitting around, the more of a target you are,” he said.
Read more: http://consumerist.com
Category: Culture | Posted on Tue, April, 30th 2013 by THCFinder
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