It’s funny. Over the last few weeks, when I first log on, I don’t have the slightest idea of what to write about or, I might be too lazy to write about sumpin’. When that happens, I can go to Ron. But lately, all it take is about an hour of surfing or just checking out my mail and Bingo! I’ve got a topic. Like today.
I’ve been saying for many years that we should legalize pot and tax the crap out of it. Guess what? It’s happening.
DENVER (CBS4)- The taxes on recreational marijuana might go a lot higher than first thought. Smokers buying at shops in Denver may pay up to 35 percent in taxes.
Of course taxes will be higher than first thought. That’s what gummints do best, especially Dimocrat gummints.
Colorado voters will be asked to approve two state taxes totaling 25 percent on all retail marijuana sales in the November election. They may be asked to approve an additional city tax for Denver.
Denver is run by Dimocrats, right?
Denver Mayor Michael Hancock wants to add an additional five to 10 percent city tax on top of that.
Of course he does.
Hancock said the money is needed to pay the costs of regulating the drug.
Of course it is.
Critics complain severe taxes would destroy a new industry already approved by voters.
To many folks, that is not a bug, but a feature.
The Denver City Council has until August to decide if the tax question will go on the November ballot.
Bet it does.
Thanks to Michael for the link to this story.
This was passed in order to tax, regulate, and kick the cartels out. So much for getting rid of the black market! geniuses
Out here in the Soviet Of Washington the proposed tax on grass works out to 25 percent each time it changes hands. Growers pay a very high producers license fee. Every middle man pays 25 percent when he buys from the grower. Processor pays 25 percent, distributor pays 25 percent, smoker pays 25 percent at retail sales point. This is a 25 percent Value Added Tax. Each time the stuff is sold it is assessed this tax. I don’t know if the tax is added after sales tax (9+) or before but the Pot heads are not going to get their high any cheaper than before. I’m sure there will be pushback from all of the illicit pot vendors now unemployed.
Roger in R,
I live in the central mountains of Mexifornia and I remember the vote to legalize weed here was defeated.
I thought this was the lib hell hole of the nation but I guess
that Wash is even more lib than Screwyafornia.
As Matt said : if they get the prices high enough, it can simply be purchased the old fashioned way – and the Democrats won’t get any of their tax “revenue.”
If it moves tax it. If it moves faster tax it more. If it stops moving, subsidize it.
So they will continue to raise the price via taxes until the “poor” can’t afford it anymore, then they will have pot assistance centers for the “less fortunate.” [btw – I can’t right poor without hearing Neal Boortz’s voice stretching out and whining that word.]
Goodness.
– Pip
Right = write. I was on call last night!
Sorry if that hurt to read.
“Critics complain severe taxes would destroy a new industry already approved by voters. “
As we used to say back in my Navy days, “Ohh, fuh-kin’ waaahhh!”
The CEO of MagPul was not available for comment.
If NASCAR grew out of “Revenoors and Moonshiners,” I wonder what sport will grow out of Revenoors and Potheads”?