facebook
twitter
rss
account
search
search
 

Colorado legislators approve referendum on marijuana tax bill

May 8, 2013 at 6:20 PM   |   Comments

DENVER, May 8 (UPI) -- Colorado's Legislature approved and sent to the governor Wednesday a bill asking voters to impose taxes on recreational marijuana.

The actions by the state House and Senate move the state closer to becoming the first in the country to pass laws regulating recreational marijuana, The Denver Post reported. Colorado voters will decide the referendum in November.

The Senate approved the tax measure, and another regulating marijuana retailers, with little discussion Wednesday morning, then sent both to the House. The House quickly passed House Bill 1318, regarding taxes on marijuana, and sent it to Gov. John Hickenlooper. House members were to take up the second measure, the newspaper said.

House Bill 1318 would impose a 15 percent excise tax, and a sales tax initially set at 10 percent, on recreational marijuana sales. Voters' approval is needed before they take effect. The money raised would fund school construction and regulation of marijuana stores, the newspaper said.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Russia prepares militarization of Arctic Russia prepares militarization of Arctic
2
Freedom variant LCS takes to water Freedom variant LCS takes to water
3
Michigan Gov. Rick Snyder officially bans sales of Tesla Michigan Gov. Rick Snyder officially bans sales of Tesla
4
Missing college student Connor Trapatsos spotted on surveillance video Missing college student Connor Trapatsos spotted on surveillance video
5
Toyota, Honda, Mazda, BMW, Nissan and GM all affected by defective airbag recall Toyota, Honda, Mazda, BMW, Nissan and GM all affected by defective airbag recall
Trending News
Around the Web
x
Feedback