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(Denver Post)   Colorado state House gives initial approval to 25% tax on marijuana, pizza, Doritos   (denverpost.com) divider line 99
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1039 clicks; posted to Politics » on 30 Apr 2013 at 9:00 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-04-30 08:15:05 AM
FTFA: "they added a limit for how high is too high to drive"

Too high to drive means I'm not getting off the couch.
 
2013-04-30 08:38:43 AM
I wonder how long the pro-marijuana lobby will be ok with the "just legalize it and tax it" compromise.  Those are some pretty excessive tax rates right there.
 
2013-04-30 08:43:50 AM

serial_crusher: I wonder how long the pro-marijuana lobby will be ok with the "just legalize it and tax it" compromise.  Those are some pretty excessive tax rates right there.


The tax rates for Alcohol and Tobacco are pretty excessive as well.
 
2013-04-30 08:57:04 AM

serial_crusher: I wonder how long the pro-marijuana lobby will be ok with the "just legalize it and tax it" compromise.  Those are some pretty excessive tax rates right there.


It has a very high "hazard" tax when it's illegal. I don't think %25 is going to raise the street price.
 
2013-04-30 09:03:24 AM

serial_crusher: I wonder how long the pro-marijuana lobby will be ok with the "just legalize it and tax it" compromise.  Those are some pretty excessive tax rates right there.


It just ended buddy. They gave an inch and its time to take a mile. These tax rates are an OUTRAGE! I demand a chronic smoker's exemption from the law tht allows anyone who smokes like a rapper to pay a flat 10% tax.
 
2013-04-30 09:08:38 AM

DROxINxTHExWIND: serial_crusher: I wonder how long the pro-marijuana lobby will be ok with the "just legalize it and tax it" compromise.  Those are some pretty excessive tax rates right there.

It just ended buddy. They gave an inch and its time to take a mile. These tax rates are an OUTRAGE! I demand a chronic smoker's exemption from the law tht allows anyone who smokes like a rapper to pay a flat 10% tax.


Damn. Wonder if people know about growing their own?
 
2013-04-30 09:08:57 AM
Weed is just a harmless giggle.


NOT
 
2013-04-30 09:10:10 AM
So, how much does legal pot actually cost?
 
2013-04-30 09:13:05 AM

moriarty23: So, how much does legal pot actually cost?


Depends on if you want the hipster boutique stuff or not. The PBR strain is costly but you look too cool smoking it.
 
2013-04-30 09:15:44 AM

moriarty23: So, how much does legal pot actually cost?


Like everything else, it depends on supply, demand and quality.
 
2013-04-30 09:19:48 AM
25%??

So that $40 bag is now $50?
 
2013-04-30 09:19:59 AM
Based on what I've heard it's still damned expensive.  Once they open the market to non-medical growers/sellers then I suspect the prices will come down unless the out-of-state growing operations that came in manage to "convince" new operations that they have to have high prices in order to keep their knees from breaking.
 
2013-04-30 09:29:16 AM
the 25% number doesn't mean much until we know the actual costs of the product.

/return to 5$ bags
 
2013-04-30 09:30:40 AM
It's amazing how easily taxes that affect the poor are passed.
 
2013-04-30 09:35:03 AM
Luxury Good ('cept for medical need, but that should be treated as a prescription).  Can't say that's really all that unfair.

MayoSlather: It's amazing how easily taxes that affect the poor are passed.


I know right?  When are they going to get around to taxing coke laced with the dried tear resin of mexican day laborers?
 
2013-04-30 09:36:28 AM

MayoSlather: It's amazing how easily taxes that affect the poor are passed.


When drugs are the driving force of your life, you are usually poor. Marijuana can really slow you down.
 
2013-04-30 09:36:36 AM
Wow. Republicans hate taxes so much that they are against high taxes on MARIJUANA. Mind blown.
 
2013-04-30 09:38:03 AM
I see the high taxes resulting in a lot of other states taking note of potential revenues, which will inevitably lead to more states jumping on the bandwagon.  I'm not advocating taxes, but having more states join in moves us in the direction we want.

Once we obtain the ultimate goal of national legalization, well....then we'll see.
 
2013-04-30 09:42:33 AM
LOL...25%? Yeah...that's go over easy with the voters...not.

/normal sales tax rate on mmj out here in Cali...just sayin'
 
2013-04-30 09:44:26 AM

serial_crusher: I wonder how long the pro-marijuana lobby will be ok with the "just legalize it and tax it" compromise.  Those are some pretty excessive tax rates right there.


Meh. "Sin" taxes are always outrageous. Look at the taxes on tobacco products.
 
2013-04-30 09:44:28 AM

serial_crusher: I wonder how long the pro-marijuana lobby will be ok with the "just legalize it and tax it" compromise.  Those are some pretty excessive tax rates right there.


The black market is an excessive tax. That's more than reasonable. Walk around the produce aisle for a while and compare prices for the most expensive stuff like organic arugula versus the street price of a pound of pot.
 
2013-04-30 09:49:42 AM
yeah i guess they really don't want any money from weed if they're taxing it at 25%.

It's not like you won't still be able to buy it tax free on the corner.

Dumbass greed-fuchs.
 
2013-04-30 09:52:16 AM

MayoSlather: It's amazing how easily taxes that affect the poor

initiatives that enrich politicians and their campaign donors (often at the expense of the poor) are passed.And more amazing is the fact that mass quantities of the poor continue to vote for these douchebags.

/needed a bit of a fix
 
2013-04-30 09:53:33 AM

davynelson: yeah i guess they really don't want any money from weed if they're taxing it at 25%.

It's not like you won't still be able to buy it tax free on the corner.

Dumbass greed-fuchs.


 Legalization was promoted as being great as a tax generator we will now find if that is true.
 
2013-04-30 09:54:30 AM

MayoSlather: It's amazing how easily taxes that affect the poor are passed.


Maybe the poor should be spending their money on things other than pot
 
2013-04-30 10:00:31 AM
25 freaking percent?! Are they trying to encourage the black market for cannabis to stick around?

I'm all for legalizing it and taxing it, but it has to be reasonable otherwise economic forces will undermine all of the progress made recently.
 
2013-04-30 10:01:00 AM
When I visited Colorado last summer, there were places that advertized 3.5 grams for $30.  Usually B-Grade stuff.  A Grade stuff was $40-60 for 3.5 grams (these were prices advertised outside the buildings.)  So, a 25% tax on those prices put them above black market prices.
 
2013-04-30 10:03:22 AM

Sagus: MayoSlather: It's amazing how easily taxes that affect the poor are passed.

Maybe the poor should be spending their money on things other than pot


Most poor people are not spending money on pot.  Most poor people take a finders fee from the pot they sell to the rich college kids.  Or just grow your own in the closet like a normal person.
 
2013-04-30 10:05:42 AM
Maybe this is just another way to prosecute street dealers--for not following tax codes.  They should probably also go after them for not having their scales checked by the bureau of weights and measures, and for not having their emergency exits marked.
 
2013-04-30 10:12:28 AM
FTa: Republicans argue that the tax rates are too high.


For once I agree with the Republicans.  Someone hold me.

For the high quality stuff I get, I pay $300 an oz, but I'm also good friends with my supplier.
 
2013-04-30 10:13:03 AM

Zeno-25: 25 freaking percent?! Are they trying to encourage the black market for cannabis to stick around?

I'm all for legalizing it and taxing it, but it has to be reasonable otherwise economic forces will undermine all of the progress made recently.


Hahahaha! I told the "tax it" crowd this would happen. The economic argument for legalization is weak.
 
2013-04-30 10:17:09 AM

smitty04: davynelson: yeah i guess they really don't want any money from weed if they're taxing it at 25%.

It's not like you won't still be able to buy it tax free on the corner.

Dumbass greed-fuchs.

 Legalization was promoted as being great as a tax generator we will now find if that is true.


Whether or not that is true somewhat depends on legislators (who may not want to see legalized cannabis work in the first place) not wildly skewing the market with excessive tax rates.
 
2013-04-30 10:22:00 AM

moriarty23: So, how much does legal pot actually cost?


The good stuff is around $4000 a pound.
 
2013-04-30 10:23:59 AM

orclover: Most poor people are not spending money on pot.


Correct, they spend their money on cigarettes. (Source)
 
2013-04-30 10:27:15 AM

smitty04: MayoSlather: It's amazing how easily taxes that affect the poor are passed.

When drugs are the driving force of your life, you are usually poor. Marijuana can really slow you down.


Yeah, I mean check out Snoop Dogg (Lion, whatever), Willie Nelson, probably 90% of the actors in Hollywood. They're all totally poor.
 
2013-04-30 10:28:17 AM
Now that it is legal, shouldn't the prices drop by a lot because: 1) The price will no longer factor in the risk the dealer/grower is taking by breaking the law; 2) There's going to be substantially more competition; 3) Now that it can be legally grown in-state, there won't be import related expenses nor overhead associated with trying to grow it in secret.
 
2013-04-30 10:28:56 AM

Sagus: MayoSlather: It's amazing how easily taxes that affect the poor are passed.

Maybe the poor should be spending their money on things other than pot


like condoms, so they stop having kids
 
2013-04-30 10:34:47 AM

tbhouston: Sagus: MayoSlather: It's amazing how easily taxes that affect the poor are passed.

Maybe the poor should be spending their money on things other than pot

like condoms, so they stop having kids


Well, I hope they still allow YOU to breed because we definately need more lower middle-class assholes in the world.
 
2013-04-30 10:41:21 AM
I've got no problem with the tax as long as the final cost to consumer comes out to approximately the same price it is now.  If good "legal" weed ends up costing over $400 per oz with taxes, I'm afraid the black market will continue relatively unabated.

To get to the correct price point, the manufacturers might have to take a profit per oz hit, but since they will no longer have to worry about the problems associated with it being illegal, it might all work out in the end for them.
 
2013-04-30 10:45:06 AM

Marcus Aurelius: moriarty23: So, how much does legal pot actually cost?

The good stuff is around $4000 a pound.


The state prices really did come in right around street prices.
 
2013-04-30 10:47:44 AM

ruetheday69: Wow. Republicans hate taxes so much that they are against high taxes on MARIJUANA. Mind blown.


That was my first thought exactly. Based on the pre-legalization rhetoric I figured they were so against legal pot that they'd be thrilled to kill demand with high taxes.
 
2013-04-30 10:58:32 AM

Stone Meadow: orclover: Most poor people are not spending money on pot.

Correct, they spend their money on cigarettes. (Source)


And lottery tickets.
 
2013-04-30 11:00:28 AM

thornhill: Now that it is legal, shouldn't the prices drop by a lot because: 1) The price will no longer factor in the risk the dealer/grower is taking by breaking the law; 2) There's going to be substantially more competition; 3) Now that it can be legally grown in-state, there won't be import related expenses nor overhead associated with trying to grow it in secret.


It takes a lot of manual labor to produce first class bud.  I imagine the electric bill isn't cheap either.
 
2013-04-30 11:12:58 AM

Marcus Aurelius: Stone Meadow: orclover: Most poor people are not spending money on pot.

Correct, they spend their money on cigarettes. (Source)

And lottery tickets.


Cool/ sad story. My mother got me a few scratch-off lottery tickets as sort of a gag bday gift in March. I won $50 on the first ticket and its been a mini obsession ever since. I can't explain it. Its not even the money because I haven't even cashed in the winning ticket. Its something about the anticipation of what could possibly happen next. My logical side calculates the odds and calls me a fool, but the little bingo scratch tickets call out to me.
 
2013-04-30 11:14:37 AM

Yes please: Maybe this is just another way to prosecute street dealers--for not following tax codes.  They should probably also go after them for not having their scales checked by the bureau of weights and measures, and for not having their emergency exits marked.


pretty much, I've never known a dealer that had it together enough to file with the IRS, setup, and run an actual business. I think there's going to be lots of tax evasion arrests initially. However, I think a lot of real business people are going to get into the market because it seems like a cash printing machine. Making money off a vice is like shooting a fish you've already caught. The only thing really holding it back now is the banks.
 
2013-04-30 11:19:34 AM

MayoSlather: It's amazing how easily taxes that affect the poor are passed.




The poor have money for pot but need food stamps to buy food?
 
2013-04-30 11:20:16 AM

Marcus Aurelius: It takes a lot of manual labor to produce first class bud. I imagine the electric bill isn't cheap either.


Yeah, but when it's legal, you can use sun instead of grow lights.
 
2013-04-30 11:21:08 AM

chasd00: Yes please: Maybe this is just another way to prosecute street dealers--for not following tax codes.  They should probably also go after them for not having their scales checked by the bureau of weights and measures, and for not having their emergency exits marked.

pretty much, I've never known a dealer that had it together enough to file with the IRS, setup, and run an actual business. I think there's going to be lots of tax evasion arrests initially. However, I think a lot of real business people are going to get into the market because it seems like a cash printing machine. Making money off a vice is like shooting a fish you've already caught. The only thing really holding it back now is the banks.



You think that a guy who can make a living selling a product that can't be advertised, can't be sold in a store, and can't be sold legally is going to have a big problem "getting it together" enough to file with the IRS? Its always funny to me that people who use drugs would think it was logical to question the intelligence of the guy who sold it to them. You're the one smoking the dope.
 
2013-04-30 11:21:48 AM
HOORAY!

My company hybridizes and cannabis sell seeds in the Colorado market.  Seeds are classified as "marijuana", and will be taxed at the $25/oz rate.


I can produce close to 100 packs of seeds with one ounce of product, and garner $30-50 per seed pack.

I think I'll buy myself an Opus X today.
 
2013-04-30 11:22:41 AM

Marcus Aurelius: thornhill: Now that it is legal, shouldn't the prices drop by a lot because: 1) The price will no longer factor in the risk the dealer/grower is taking by breaking the law; 2) There's going to be substantially more competition; 3) Now that it can be legally grown in-state, there won't be import related expenses nor overhead associated with trying to grow it in secret.

It takes a lot of manual labor to produce first class bud.  I imagine the electric bill isn't cheap either.


But how much of that manual labor is really skilled? I imagine it's like the rest of the agricultural industry: one or two highly skilled people directing hordes of people working at or below minimum wage. Heck, I'm sure people are already looking into bringing in immigrants on work visas like agricultural companies do.

I imagine growing techniques will change now that the plants don't need to be grown in secret. That is, there will be a lot more flexibility with greenhouse usage.

And speaking of that, it seems like Southern states would make a killing if they legalized pot because they could grow it outside year-round (or at least have to rely on far less artificial lighting and heating).
 
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