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(RealClear)   Colorado collects $2 millon in recreational pot taxes. Who could have seen that coming? Oh, about 300 million Americans   (realclear.com) divider line 111
    More: Obvious, Colorado, state Department of Revenue, Americans, Colorado collects, excise taxes, sales taxes  
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4922 clicks; posted to Main » on 10 Mar 2014 at 9:15 PM (25 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2014-03-10 08:11:26 PM
Man, it's like they're taxing things that just grow in the ground and stuff. That's like... terrible or something, man. Oh archer is on.
 
2014-03-10 08:26:57 PM
I'm betting they saved more than that by not locking up pot smokers.
 
2014-03-10 08:36:30 PM
Gov. John Hickenlooper already has sent the Legislature a detailed $134 million proposal for spending recreational and medical marijuana money, including new spending on anti-drug messaging to kids and more advertising discouraging driving while high.

State police chiefs have asked for more money, too.


Oh, really?!
 
2014-03-10 09:14:37 PM
That's a lot of cheetos.
 
2014-03-10 09:17:25 PM

violentsalvation: Oh, really?!


Ya really.  Apparently not incarcerating people for cannabis possession is costly.
 
2014-03-10 09:20:28 PM
45 state referendums to legalize pot hit the legislatures in 3...2...
 
2014-03-10 09:23:12 PM
"There probably is a tendency to want to just grab on to this revenue from marijuana and feed my own pet projects, and I don't think it's going to be that simple," said Sen. Kent Lambert, R-Colorado Springs and another committee member.

Yay revenue.
 
2014-03-10 09:24:10 PM

Sgygus: violentsalvation: Oh, really?!

Ya really.  Apparently not incarcerating people for cannabis possession is costly.


That and their  bonus pool slush fund safety and training budget needs some help now that forfeitures aren't in the mix for pot anymore.
 
2014-03-10 09:24:27 PM

fusillade762: I'm betting they saved more than that by not locking up pot smokers.


Ding ding ding.
 
2014-03-10 09:25:44 PM
Sadly, I think it's way less than what they were expecting.

"Last year's pot vote guessed that the taxes would produce $70 million a year, and it's unclear what lawmakers can do with tax money that exceeds that figure.

Colorado's Joint Budget Committee plans a Wednesday briefing with lawyers to lay out their options for spending pot taxes beyond $70 million."


Unless my math is off, I don't think they're going to have to worry about that anytime soon.
 
2014-03-10 09:27:45 PM
Next thing they'll be telling us is licensing and checking ID's helps keep abusable substances out of the hands of minors by creating a trail of accountability.

What about keeping funds out of the hands of underground drug gangs? Stupid potheads.
 
2014-03-10 09:28:44 PM

GanjSmokr: Sadly, I think it's way less than what they were expecting.

"Last year's pot vote guessed that the taxes would produce $70 million a year, and it's unclear what lawmakers can do with tax money that exceeds that figure.

Colorado's Joint Budget Committee plans a Wednesday briefing with lawyers to lay out their options for spending pot taxes beyond $70 million."

Unless my math is off, I don't think they're going to have to worry about that anytime soon.


There are still a lot of places that it will be legal to sell recreationally and just isn't yet. Boulder comes to mind, and I'm sure there are others. They won't hit $70 million this year, but the "per month" figure should pick up once more stores are opened.
 
2014-03-10 09:30:28 PM
It's only going to keep going up.  In most areas there isn't any shops that have received approval for recreational yet.  That number could easily double by mid-year.
 
2014-03-10 09:30:40 PM

fusillade762: I'm betting they saved more than that by not locking up pot smokers.


I'm betting they just switched to locking up more Hispanics.
 
2014-03-10 09:31:28 PM

GanjSmokr: Sadly, I think it's way less than what they were expecting.

"Last year's pot vote guessed that the taxes would produce $70 million a year, and it's unclear what lawmakers can do with tax money that exceeds that figure.

Colorado's Joint Budget Committee plans a Wednesday briefing with lawyers to lay out their options for spending pot taxes beyond $70 million."

Unless my math is off, I don't think they're going to have to worry about that anytime soon.


The collection was probably low (when compared to projections) because people are still: A) warming to the idea of decriminalized pot, and B) the banks having to implement special procedures so sellers can deposit funds without worry the Feds will crash the bank(s) for money laundering.
 
2014-03-10 09:31:29 PM

Gyrfalcon: 45  state referendums to legalize pot private prison industries start spending SERIOUS lobby money to prevent any further legalization from state legislatures in 3...2...

FTFY

 
2014-03-10 09:33:22 PM
What's Colorado's budget deficit? $500 million or so?
 
2014-03-10 09:33:35 PM
Fark the rest of the country, I hope ya'll dumbasses keep it on the illegal. And here's Mel Gibson holding two Oscars cause Fark You!
ww4.hdnux.com
 
2014-03-10 09:35:33 PM
localtvwjw.files.wordpress.com

what $14 million in pot looks like based on current police estimates.
 
2014-03-10 09:36:01 PM

JRoo: Next thing they'll be telling us is licensing and checking ID's helps keep abusable substances out of the hands of minors by creating a trail of accountability.

What about keeping funds out of the hands of underground drug gangs? Stupid potheads.


Next thing stupid prohibitionists will be telling us is the violent, untaxable drug war is somehow better. We keep the the funds out of the gang's hands by making it legit, like alcohol, farking dumbass.
 
2014-03-10 09:37:53 PM

uber humper: What's Colorado's budget deficit? $500 million or so?


zero.  Seriously, look it up.
 
2014-03-10 09:38:05 PM
This is what will make the other states fall in line like dominoes.
 
2014-03-10 09:38:43 PM
Hey, Colorado! $2 million will buy you a whole lot of dope.

I'm only saying....
 
2014-03-10 09:40:11 PM
Just for shiats and grins I pulled up the Amtrak site to see what an Orlando to Denver trip would be like. Four days, three different trains, and nearly $300 one way for a coach seat. fml

/need someone on this side of the Mississippi to go "fark it... make it legal"
//was hoping for North Carolina but they've been going 'pants on head on fire' the last few years
///farkin' teabaggers ruin everything
 
2014-03-10 09:41:06 PM
Now if only brothels were legal nationwide. Our national deficit would be wiped out AND we'd have enough funding for at least one Mars colony by the end of the year.
 
2014-03-10 09:41:51 PM

Ow! That was my feelings!: uber humper: What's Colorado's budget deficit? $500 million or so?

zero.  Seriously, look it up.


That is awesome. Looks like it was projected to be  $750 million a few years ago
 
2014-03-10 09:41:52 PM
I'm not a lawyer or government studiologist, so maybe someone familiar with the state vs federal system can chime in:

Let's say the feds never legalize pot at the national level... but all the states individually do.  What power/authority does the fed have in a case where no crime is committed at the state level, but on a federal level, if only on paper?  Is it even possible (legally) for the fed to maintain its illegality?

Doesn't have to be pot, could be anything.  Just curious about how this odd scenario would work out.
 
2014-03-10 09:43:45 PM

TV's Vinnie: Now if only brothels were legal nationwide. Our national deficit would be wiped out AND we'd have enough funding for at least one Mars colony by the end of the year.


Less colony, more robots, but yeah, agreed.  So much wasted money on stupid crap when we could be doing useful things.
 
2014-03-10 09:43:47 PM

somemoron: I'm not a lawyer or government studiologist, so maybe someone familiar with the state vs federal system can chime in:

Let's say the feds never legalize pot at the national level... but all the states individually do.  What power/authority does the fed have in a case where no crime is committed at the state level, but on a federal level, if only on paper?  Is it even possible (legally) for the fed to maintain its illegality?

Doesn't have to be pot, could be anything.  Just curious about how this odd scenario would work out.


If it is on federal land, then there is a federal charge, if it crosses state borders, then there are other federal charges. But my guess is the Federal government will drops the legislation once a few more states start changing their laws.
 
2014-03-10 09:43:50 PM

Ow! That was my feelings!: JRoo: Next thing they'll be telling us is licensing and checking ID's helps keep abusable substances out of the hands of minors by creating a trail of accountability.

What about keeping funds out of the hands of underground drug gangs? Stupid potheads.

Next thing stupid prohibitionists will be telling us is the violent, untaxable drug war is somehow better. We keep the the funds out of the gang's hands by making it legit, like alcohol, farking dumbass.


That's my concern here in Washington. I can only hope our legal sales can open with what seems like few problems in Colorado. We're more prone to higher taxes (currently proposing 75% tax on e-cigs) there's still a lot of NIMBYs and everything has to go before what seems like an endless committee. Can't we just sell, tax, smoke and all get along?
 
2014-03-10 09:45:07 PM
Between the taxes and the money they'll save on trials and jail space, I'll bet you see more states doing this.
 
2014-03-10 09:49:01 PM

AbuHashish: Ow! That was my feelings!: JRoo: Next thing they'll be telling us is licensing and checking ID's helps keep abusable substances out of the hands of minors by creating a trail of accountability.

What about keeping funds out of the hands of underground drug gangs? Stupid potheads.

Next thing stupid prohibitionists will be telling us is the violent, untaxable drug war is somehow better. We keep the the funds out of the gang's hands by making it legit, like alcohol, farking dumbass.

That's my concern here in Washington. I can only hope our legal sales can open with what seems like few problems in Colorado. We're more prone to higher taxes (currently proposing 75% tax on e-cigs) there's still a lot of NIMBYs and everything has to go before what seems like an endless committee. Can't we just sell, tax, smoke and all get along?


Nope, it doesn't work that way.
st.depositphotos.com
 
2014-03-10 09:51:04 PM

uber humper: Ow! That was my feelings!: uber humper: What's Colorado's budget deficit? $500 million or so?

zero.  Seriously, look it up.

That is awesome. Looks like it was projected to be  $750 million a few years ago


Budget shortfall =/= budget deficit. With a combo of laws, Colorado basically has a balanced budget amendment type deal.
 
2014-03-10 09:53:51 PM

king_nacho: somemoron: I'm not a lawyer or government studiologist, so maybe someone familiar with the state vs federal system can chime in:

Let's say the feds never legalize pot at the national level... but all the states individually do.  What power/authority does the fed have in a case where no crime is committed at the state level, but on a federal level, if only on paper?  Is it even possible (legally) for the fed to maintain its illegality?

Doesn't have to be pot, could be anything.  Just curious about how this odd scenario would work out.

If it is on federal land, then there is a federal charge, if it crosses state borders, then there are other federal charges. But my guess is the Federal government will drops the legislation once a few more states start changing their laws.


Well, that was a thoughtful and erudite answer.  Goddamn it, I wanted some sort of M. Night Shamalan mental twist to keep me awake at night.  SCREW YOU!

And thanks.  :)
 
2014-03-10 09:55:59 PM

Frederick: This is what will make the other states fall in line like dominoes.


Yep. And not just the taxes on the sales of marijuana, but also marijuana tourism. More inbound cars on the road more gas being sold, more hotel rooms occupied. More Doritos sold.
 
2014-03-10 09:56:33 PM

Ow! That was my feelings!: JRoo: Next thing they'll be telling us is licensing and checking ID's helps keep abusable substances out of the hands of minors by creating a trail of accountability.

What about keeping funds out of the hands of underground drug gangs? Stupid potheads.

Next thing stupid prohibitionists will be telling us is the violent, untaxable drug war is somehow better. We keep the the funds out of the gang's hands by making it legit, like alcohol, farking dumbass.


You got low marks in reading comprehension, I assume?
 
2014-03-10 09:56:44 PM
Next comes the Doritos tax!
 
2014-03-10 09:56:44 PM
you dopes.
 
2014-03-10 09:58:55 PM

JRoo: Ow! That was my feelings!: JRoo: Next thing they'll be telling us is licensing and checking ID's helps keep abusable substances out of the hands of minors by creating a trail of accountability.

What about keeping funds out of the hands of underground drug gangs? Stupid potheads.

Next thing stupid prohibitionists will be telling us is the violent, untaxable drug war is somehow better. We keep the the funds out of the gang's hands by making it legit, like alcohol, farking dumbass.

You got low marks in reading comprehension, I assume?


Meh, sarcasm can be tough to judge when it's just text to go by.

//and I'm drunk too, so whatever.
 
2014-03-10 10:01:39 PM

Gyrfalcon: 45 state referendums to legalize pot hit the legislatures in 3...2...


Good, I've been paying New York an insane amount of tax for my craft beer for years now. Spread the burden *grumble*
 
2014-03-10 10:05:40 PM
I should hope they got some money out of it.. because 37 PEOPLE DIED IN COLORADO as a result of pot legalization!
 
2014-03-10 10:06:09 PM

byteme4321: Next comes the Doritos tax!


Yeah right.  Taco Bell already wants $5 for their Nachos Los Locos Bell Grande Dorito Shelled Taco or whatever the hell they call it.  What are they supposed to do, sell food based on its inherent qualities rather than cheap marketing ploys?
 
2014-03-10 10:10:35 PM
Marijuana is a gateway drug to even better marijuana.
Or something.
http://www.youtube.com/watch?v=dy4rA_esYo0no ON
 Salvia. No one ever mentions salvia.
 
2014-03-10 10:10:51 PM

Gyrfalcon: 45 state referendums to legalize pot hit the legislatures in 3...2...


this^^

I can remember when there was only one casino in Australia. Those naughty naughty Tasmanians Taswegians.

And boy, didn't that house of cards come tumbling down when the other states saw all that sweet juicy tax revenue, not to mention tourism $$$.
 
2014-03-10 10:14:40 PM

Big Ramifications: Gyrfalcon: 45 state referendums to legalize pot hit the legislatures in 3...2...

this^^

I can remember when there was only one casino in Australia. Those naughty naughty Tasmanians Taswegians.

And boy, didn't that house of cards come tumbling down when the other states saw all that sweet juicy tax revenue, not to mention tourism $$$.


Washington DC just decriminalized anything less than 1 ounce with a $25 fine.

Maryland has broad support for decriminalization.
 
2014-03-10 10:17:06 PM

70Ford: Marijuana is a gateway drug to even better marijuana.
Or something.
http://www.youtube.com/watch?v=dy4rA_esYo0no ON
 Salvia. No one ever mentions salvia.


Because Salvia is not Cannabis. Smoke all the Mint you want, nobody cares.
 
2014-03-10 10:20:19 PM
Here's a wiki for Colorado's TABOR law:  http://en.wikipedia.org/wiki/Taxpayer_Bill_of_Rights
 
2014-03-10 10:27:23 PM

uber humper: What's Colorado's budget deficit? $500 million or so?


No.
 
2014-03-10 10:31:37 PM
I'm shocked that it is that low.  I know it probably will ramp up, but I would have expected to to be (puts on sunglasses) higher.

//Yeah!
 
2014-03-10 10:34:17 PM
Who gives a shiat about the tax revenue? How about legalizing it because it's the right thing to do? Everything else is just a side effect.

somemoron: I'm not a lawyer or government studiologist, so maybe someone familiar with the state vs federal system can chime in:

Let's say the feds never legalize pot at the national level... but all the states individually do.  What power/authority does the fed have in a case where no crime is committed at the state level, but on a federal level, if only on paper?  Is it even possible (legally) for the fed to maintain its illegality?

Doesn't have to be pot, could be anything.  Just curious about how this odd scenario would work out.


Depends on whether the feds have their own enforcement capabilities. As far as I know, treason isn't a crime in any particular state but you can bet your ass the feds can enforce that one. And given the budget and reach of the DEA, if the feds really wanted to put the screws down they'd have no problem doing so.

And the power of the purse can be a lot stronger than anything else... "Nice lower-than-we-like drinking age you have there. Be a shame if anything happened to that highway funding you get from us." Sound familiar?
 
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