Have you seen Higher Ground’s new series, “Profiles in Legal Cannabis?” Host Michael Stusser interviews the foremost thought-leaders in the legal cannabis profession, including ganjapreneurs, lawyers, farmers, graphic designers, recreational store owners, and medical pioneers. Watch now on MJ Channel One and MJ Headline News!
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The Tax Revenue From Legalize Weed Is Pouring Into Colorado
(Denver Post) Colorado recorded its biggest recreational marijuana tax haul yet in April, topping more than $3.5 million in sales and excise taxes, according to numbers released Monday.
In all, the state’s recreational marijuana stores sold more than $22 million worth of product in April, likely boosted by the 4/20 marijuana holiday that brought hundreds of cannabis tourists to town. Overall, though, medical marijuana sales continued to outpace recreational sales, with lower-taxed medical-marijuana stores doing more than $31 million in sales during the month.
So far this year, Colorado has brought in nearly $11 million in sales and excise taxes on recreational marijuana. The total take of recreation and medical marijuana taxes and fees is nearly $18 million.
The new numbers were released on the same day that marijuana activists announced plans to sue the state over recreational pot taxes. According to a copy of the lawsuit sent to the media, the activists argue that the taxes are unconstitutionally high.
Shoppers at recreational marijuana stores pay 12.9 percent in general and special state sales taxes, as well as a 15 percent excise tax that is applied at the wholesale level.
The lawsuit argues those rates violate the constitutional provision voters approved in 2012, which specified that recreational marijuana should be taxed “in a manner similar to alcohol.” The activists say alcohol taxes are much lower.
Attorney Rob Corry, who is representing the activists, said he filed the lawsuit Monday.
More marijuana dispensaries continue to open. As of June 3, more than 200 marijuana dispensaries were licensed, according to the state Department of Revenue. That’s about half of the more than 500 total shops statewide that are eligible to obtain a retail marijuana sales license.
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Profiles in Legal Cannabis – Season 2
SEASON 2 of Higher Ground’s new series, “Profiles in Legal Cannabis” is now airing! Host Michael Stusser interviews the foremost thought-leaders in the legal cannabis profession, including ganjapreneurs, lawyers, farmers, graphic designers, recreational store owners, and medical pioneers. Watch now on MJ Channel One and MJ Headline News!
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Robin Williams: Simply the Best
The great Robin Williams suffered from addiction and depression – no laughing matter – but also found humor in marijuana’s effects. We’ve posted a few of his hilarious routines on the subject below. On a serious note, if you know anyone suffering from addiction or depression, and see signs they are in trouble, talk to friends and family about getting them the help they need.CLIPS