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It should be decriminalized, but its a shame the state is profiting after persecuting so many for so many years for doing the same thing.
Governments dont need anymore money and they sure dont need to be regulating plants or what we put in our bodies.
You say it like its a good thing that the people are $4.7 million poorer for it.
I get your point, but the best alternative isn't yet an alternative. If i had it my way, you'd be able to grow and smoke all you want anywhere you want to smoke it.
Look, yeah, the people are out of the money, but they spent it on what they wanted to spend it on.
So . . . What does the Colorado law say about growing your own?
Six plants per person for recreational use - no taxes except what you pay when you buy the clones or seeds. Since pot is now legal, most people buy from a pot shop - the quality of bud is better and you don't have to worry about any wierd additives or a shoot-out in the back alley with Juan from the drug cartel if the deal goes wrong.
I've never noticed conservatives going into throes of agony over "sin" taxes like the ones on tobacco or alcohol. Why should pot be any dfferent? If you disapprove of marijuana, don't smoke it and don't move to Colorado. If you don't like the taxes, grow your own bud legally. I don't see what the big deal is. BTW, people are not suddenly demanding that coke be legalized in Colorado or that every neighborhood should have its very own legal meth lab now that cannabis is legal. Some folks around here take things to such ridiculous levels that you've got to wonder if Rush Limbaugh isn't broadcasting to them through the fillings in their teeth.
That's about the same amount of money that some states make with red light cameras. It's amazing the ways that states can find to take money out of peoples pockets.
That's about the same amount of money that some states make with red light cameras. It's amazing the ways that states can find to take money out of peoples pockets.
Agreed.
And I'd rather give money to the government by legally buying cannabis that I will enjoy than through a red light camera ticket.
The Politics of Prohibition - Reason.com What happened in 1930 that suddenly gave the repeal movement political muscle? The answer is the Great Depression and the ravages that it inflicted on federal income-tax revenues. From 1930 to 1931, income-tax revenues fell by 15 percent. In 1932 they fell another 37 percent; 1932 income-tax revenues were 46 percent lower than just two years earlier. And by 1933 they were fully 60 percent lower than in 1930. With no end of the Depression in sight, Washington got anxious for a substitute source of revenue......
And where does that money go?
"Gov. John Hickenlooper announced his proposed spending plan Wednesday, 50 days after the first bud of non-medical marijuana was sold on Jan. 1. The plan calls for more than $100 million to be spent over the next year and a half on youth marijuana use prevention, substance abuse treatment, public health, regulatory oversight and law enforcement. $4.5 million would be allocated during this fiscal year and $99 million would be allocated next year, under the governor's plan."
Agreed, the state legislature put a 25% tax on it, and wonder why the black market is going so strong and their projections are higher than actual amount they have collected. The got greedy and it is hurting their revenue.
While I normally fully agree that any tax is bad, if it takes taxes on marijuana to take it out of drug cartel hands and put it in normal business owners hands than I am okay with it. Although the state should have been smarter and kept the tax around 10% like many experts were telling them.
While I normally fully agree that any tax is bad, if it takes taxes on marijuana to take it out of drug cartel hands and put it in normal business owners hands than I am okay with it. Although the state should have been smarter and kept the tax around 10% like many experts were telling them.
This^^^
The ability to grow your own negates the taxes.
Some would rather go to a dispensary and pay a little, Others would rather spend the time and money to set themselves up with a nice home grow.( just like some go to a liquor store and buy a bottle of their favorite spirits,while some brew their own at home)
If you don't want to pay the tax, read a book, learn a little horticulture.
Colorado's law is impacting the legal systems in Nebraska and Oklahoma, they are suing Colorado in supreme court for their actions. Also they cannot use federal banks for their deposits, that's quite a bit of cash laying around how do they pay there taxes, in cash?
DENVER — Colorado's marijuana businesses have a cash flow problem: Too much
cash is flowing in and they've nowhere to put it.
Most banks refuse to work with marijuana businesses, which are legal in
Colorado but remain illegal at the federal level. Now, a new credit union aimed
specifically toward the cannabis industry hopes to offer a solution
Location: Georgia, on the Florida line, right above Tallahassee
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“five states (California, Tennessee, Kentucky, Hawaii and Washington) had marijuana crops worth over $1 billion,” with the national pot crop worth more than our national soybean and wheat crops combined.
Whatever the market’s size, the governments of Colorado and Washington are hoping that taxing the drug will help to bring in some badly needed revenue. Washington placed a 25% excise tax on marijuana with its new law, and Colorado voters passed Proposition AA in November to approve a 15% excise tax and a 10% sales tax on recreational marijuana. These measures are expected to raise hundreds of millions of dollars in revenue for each state, including a projected $500 million for Washington alone by 2015
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