Sep 8, 2015

Colorado lawmakers hemming and hawing about returning excess weed revenue to taxpayers

Get to the end of the story and the whole brouhaha was for $7 and chump change.
From yahoo news:

Weed Revenue Is So High in Colorado Lawmakers Are Tripping Out About Returning Money to Taxpayers
by Debbie Encalada

Colorado sold over 148,238 pounds of marijuana and banked about $50 million in recreational marijuana tax revenue in its first year of legalization. In fact, Colorado made so much money that legally the state would have to return money to taxpayers, per the voter-approved Taxpayers’ Bill of Rights a 1992 constitutional amendment which says the state has to pay back taxpayers whenever it makes more revenue than allowed. But both Republican and Democrat state officials aren’t trying to return that money, because who likes giving away money. Here's what some of the officials had to say:
Republican Senate President Bill Cadman said, “I think it’s appropriate that we keep the money for marijuana that the voters said that we should,” referring to 2012’s Amendment 64 which voters passed, agreeing that the first $40 million in revenue would go towards school construction.   
Meanwhile Republican Senator and budget writer Kevin Grantham said, “This is a little bit of a different animal. There’s a struggle on this one.” Whereas Democratic state senator Pat Steadman straight up called the dispute “absurd.” 
One Aurora, Colorado resident, David Huff, 50, said he wants to have the money returned, complaining Colorado adds 30% more taxes on marijuana.
Huff said: “I don’t care if they write me a check, or refund it in my taxes, or just give me a free joint next time I come in. The taxes are too high, and they should give it back.”
If Huff doesn't get his way, he'll stand to miss out on a reported $7.63 refund.

1 comment:

  1. They took weed from my wife here in Eureka,she did have her 215 card with her but they took it anyway and gave her a ticket ,6 months later the judge had to hand her weed back personally from the bench.

    ReplyDelete

Note: Only a member of this blog may post a comment.