Colorado: No Tax...NO POT?

H/T Joel 2013

When Colorado voters approved Amendment 64 legalizing recreational marijuana use in November, Gov. John Hickenlooper told its supporters that it was too soon to break out munchies like “Cheetos or Goldfish” because there was much work to be done regulating this new industry. 

It may still be too soon to celebrate. 

Lawmakers grappling with how to tax marijuana have been working behind the scenes on a plan to repeal the historic law if voters don’t pass their preferred taxing scheme, according to both supporters and opponents of the pot law.

Colorado has complicated tax laws, including a requirement that voters must approve any new taxes at the ballot box. Amendment 64 also requires lawmakers present voters with a taxing option. 

But some legislators are worried that those who voted in favor of legalizing marijuana — by a margin of 55-45 — wouldn’t be so enthusiastic to approve a proposed taxation package.

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