Cannitrol – Cannabis Control Agent

Marijuana news from around the world

marijuana taxes

Outdated, sagging Colorado schools get $300 million boost from pot sales, other taxes

“I don’t care where the money comes from, if we get a new school, I’m for it,” said Hayley Whitehead, a Deer Trail graduate who works as the district’s administrative assistant.

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Colorado Supreme Court won’t hear Adams County’s appeal over its pot tax battle with cities

The Colorado Supreme Court this week declined to hear an appeal by Adams County over the validity of its recreational marijuana tax in three of its cities, raising questions about the fate of the nearly $2 million the county has brought in over the last two years from the levy.

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More disputed tax revenue used to fund scholarships for low-income Adams County students

Adams County continues to use disputed tax revenue from recreational marijuana sales to fund scholarships, recently announcing that 64 high school students in the county had been awarded more than $1 million in total.

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Marijuana tax money lets Manitou Springs fix potholes, bankroll bigger improvement projects

In advocating “pot for potholes,” recreational marijuana proponents promised a potent new revenue source for tackling a familiar urban headache. But in Manitou Springs, the only Pikes Peak region community so far to permit recreational pot shops, the cash infusion has meant more than road repairs.

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Colorado looks to marijuana tax as budget fix, stretching the limits of what voters approved

In last-minute negotiations between Colorado lawmakers on a major spending bill, a dubious budget-fixer has emerged: an increase in marijuana taxes. And it represents a little-noticed but significant shift in how Colorado spends marijuana tax dollars.

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Colorado marijuana sales holding steady with $109 million in January 2017

Colorado marijuana sales: Shops kicked off 2017 by selling nearly $109 million worth of cannabis in January, marking a 23 percent increase from January 2016.

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Denver FBI honors youth program partly funded by pot taxes

The Denver FBI honored a youth dropout prevention group Thursday, apparently without realizing it is partially funded with taxes from the marijuana industry.

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Colorado sold $1.3 billion worth of marijuana in 2016

In 2016, Colorado’s dispensaries bagged $1.3 billion in recreational and medical cannabis sales. To compare, Year One of the recreational era totaled $699.2 million and Year Two jumped up to $996.2 million. The trend should continue in Year Four, but beyond that? It’s a murkier proposition.

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Glenwood Springs pot tax votes could reopen detox center talks

Glenwood Springs voters will decide two city marijuana tax questions in the April 4 municipal election. And, although no decisions have been made about how the hundreds of thousands of dollars in anticipated new tax revenues would be spent if voters approve the measures, it could reopen talks about establishing a detox center in Glenwood Springs or elsewhere in the region.

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Tax hike: What it could mean for consumers, industry in Colorado

A look at how the Colorado marijuana tax hike may play into factors such as supply-and-demand, black market pull, pricing, end costs, and short- and long-term state fiscal strategies.

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