Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Governor: Colorado pot market exceeds tax hopes
Associated Press ^ | 02/19/2014

Posted on 02/22/2014 5:11:33 AM PST by Wolfie

Governor: Colorado pot market exceeds tax hopes

Denver -- Colorado’s legal marijuana market is far exceeding tax expectations, according to a budget proposal released Wednesday by Gov. John Hickenlooper that gives the first official estimate of how much the state expects to make from pot taxes.

The proposal outlines plans to spend some $99 million next fiscal year on substance-abuse prevention, youth marijuana-use prevention and other priorities. The money would come from a state 12.9 percent sales tax on recreational pot. Colorado’s total pot sales next fiscal year were estimated to be about $610 million. Retail sales began Jan. 1 in Colorado. Sales have been strong, although exact figures for January sales won’t be made public until early next month.

The governor predicted sales and excise taxes next fiscal year would produce some $98 million, well above a $70 million estimate given to voters when they approved the pot taxes last year. The governor also includes taxes from medical pot, which are subject only to the statewide 2.9 percent sales tax.

Washington state budget forecasters released a projection Wednesday for that state, where retail sales don’t begin for a few months.

Economic forecasters in Olympia predicted that the state's new legal recreational marijuana market will bring nearly $190 million to state coffers over four years starting in mid-2015. Washington state sets budgets biennially.

(Excerpt) Read more at bigstory.ap.org ...


TOPICS: Culture/Society
KEYWORDS: potheads; taxandspend; wod
Navigation: use the links below to view more comments.
first 1-5051-57 next last

1 posted on 02/22/2014 5:11:33 AM PST by Wolfie
[ Post Reply | Private Reply | View Replies]

To: Wolfie

I have to go there on business and wonder how many stoners are out there driving.


2 posted on 02/22/2014 5:16:11 AM PST by mfish13 (Elections have Consequences.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Wolfie

I have to go there on business and wonder how many stoners are out there driving.


3 posted on 02/22/2014 5:16:12 AM PST by mfish13 (Elections have Consequences.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Wolfie

Someday young men will compete on producing free, cheap, Arab, Muslim, Cannabis.


4 posted on 02/22/2014 5:17:00 AM PST by ansel12 (Ben Bradlee -- JFK told me that "he was all for people's solving their problems by abortion".)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Wolfie
I do not agree with legalization of reefer for sale and aggressively challenge the wisdom of even proposing the legislation.

Having said that, I am amazed politicians/pencil pushers are so surprised it really IS a cash cow.

NOW ... if Detroit would retool the 57 Chevy Bellaire using modern material and accoutrements but keep it aesthetically identical ...

5 posted on 02/22/2014 5:18:21 AM PST by knarf (I say things that are true .. I have no proof .. but they're true.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Wolfie

Coloradans are niw much easier to control now. They’re also getting fatter and lazier and much too docile to rise up to oppose the government plus they are fleecing them much better than antiipated and collecting a lot more sales tax on junk food items created by sales after midnight.


6 posted on 02/22/2014 5:18:44 AM PST by jsanders2001
[ Post Reply | Private Reply | To 1 | View Replies]

To: Wolfie

So. Government is primarily concerned on the tax revenue they can get from mostly anything.

Billions in taxes on the cigarettes they hypocritically condemn.

Millions in taxes on the pot their Federal Government has spent Trillions on in an effort to eradicate along with other drugs.

Millions in taxes on the gasoline the SUVs/Truck guzzle which they condemn.

And on and on and on. Nothing is out of the realm of ‘illegal’ IF there are millions/billions in taxes to be had.

Here’s a thought, Government. There have been 55 million abortions since Roe vs. Wade....think of what you could have gotten had you TAXED each abortion at 10 or 20 or 30 or more percent. You guys are missing out on a real cash cow.


7 posted on 02/22/2014 5:18:55 AM PST by Gaffer (Comprehensive Immigration Reform is just another name for Comprehensive Capitulation)
[ Post Reply | Private Reply | To 1 | View Replies]

To: jsanders2001

Coloradans are now much easier to control too. They’re also getting fatter, lazier and much too docile to rise up to oppose the government plus they are fleecing them much better than antiipated and collecting a lot more sales tax on junk food items created by sales after midnight.


8 posted on 02/22/2014 5:19:37 AM PST by jsanders2001
[ Post Reply | Private Reply | To 6 | View Replies]

To: Wolfie

The allure of mo tax money to squander is irresistible to these greedy shortsighted idiots/

This is why more states are going to legalize it (UNFORTUNATElY!!!)

These legal marijuana shops should be called Democrat voter factories where they manufacture new ones. New docile idiots Obama voting morons.


9 posted on 02/22/2014 5:23:45 AM PST by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Gaffer

Hey, this is free money that’s coming out of the sky. I mean it’s not like it’s just another tax, or that the money is coming from the people and going to the government.


10 posted on 02/22/2014 5:25:16 AM PST by NurdlyPeon (It is the nature of liberals to pervert whatever they touch.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: dennisw
Here is your brain on drugs

11 posted on 02/22/2014 5:27:03 AM PST by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Wolfie

I live in Kansas. I was sitting in a courtroom yesterday waiting on a judge to sign some orders. She was doing a hearing in another case where mom had accused dad of using drugs. Judge had asked dad under oath whether he used drugs and he said no. Then she ordered a drug screening within one hour and said oh, wait, I was in Colorado last week so I will test positive. She was furious. So that is going to be the excuse now in Kansas for testing positive. BTW, he still perjured himself but claims since it’s legal in Colorado its no big deal.


12 posted on 02/22/2014 5:27:45 AM PST by Mercat
[ Post Reply | Private Reply | To 1 | View Replies]

To: mfish13

That’s why I don’t travel to States with bars.


13 posted on 02/22/2014 5:28:23 AM PST by Wolfie
[ Post Reply | Private Reply | To 3 | View Replies]

To: mfish13

Do you think the same of drunk drivers in every state you go to?


14 posted on 02/22/2014 5:28:26 AM PST by autumnraine
[ Post Reply | Private Reply | To 3 | View Replies]

To: jsanders2001

Wait, I though pot turned people in violent maniacs prone to acts of destruction? You people have to make up your mind.


15 posted on 02/22/2014 5:30:51 AM PST by Wolfie
[ Post Reply | Private Reply | To 8 | View Replies]

To: jsanders2001

Invest in Ding-Dongs and Twinkies.


16 posted on 02/22/2014 5:39:13 AM PST by Jonty30 (What Islam and secularism have in common is that they are both death cults)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Wolfie

John Denver (RIP) predicted it years ago: Rocky Mountain High.


17 posted on 02/22/2014 5:41:36 AM PST by From The Deer Stand
[ Post Reply | Private Reply | To 1 | View Replies]

To: dennisw

This is your brain in Colorado after smoking some legalized marijuana


18 posted on 02/22/2014 5:43:45 AM PST by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
[ Post Reply | Private Reply | To 11 | View Replies]

To: jsanders2001

Giving government even more money, pure brilliance.


19 posted on 02/22/2014 5:44:45 AM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
[ Post Reply | Private Reply | To 6 | View Replies]

To: knarf

If one of the major moter companies would make a car and truck without all the electronics - just simple motor - no frill so that the “mechanical minded” could work on their own vehicles, I’d guarantee it would be a too seller


20 posted on 02/22/2014 5:46:56 AM PST by hoosiermama (Obama: "Born in Kenya" Lying now or then or now)
[ Post Reply | Private Reply | To 5 | View Replies]

To: hoosiermama
There's a whole SLEW of stuff that if they'd just keep their hands off of, we'd be so much better.

Politics ...stop trying to fix something that's not broken is another area I wish they'd just go on vacation for four years.

21 posted on 02/22/2014 5:50:16 AM PST by knarf (I say things that are true .. I have no proof .. but they're true.)
[ Post Reply | Private Reply | To 20 | View Replies]

To: knarf

Raising money by selling drugs to create programs to stop people from using drugs.

Liberalism is truly a mental disorder.


22 posted on 02/22/2014 5:53:54 AM PST by EQAndyBuzz (Insurgent Conservative)
[ Post Reply | Private Reply | To 21 | View Replies]

To: mfish13

Probably as many as there were previously, and probably as many as there are where you live.


23 posted on 02/22/2014 5:55:40 AM PST by EEGator
[ Post Reply | Private Reply | To 2 | View Replies]

To: cripplecreek

Welcome to the Idiot Nation. Keep the low brows amused and they will do what the government wants. Just like the lab rats.


24 posted on 02/22/2014 6:00:33 AM PST by Busko (The only thing that is certain is that nothing is certain.)
[ Post Reply | Private Reply | To 19 | View Replies]

To: Wolfie
Colorado pot market exceeds tax hopes

That alone will cause many other states to change their laws and seek to legalize mj.

First, mj, then ... ???

Proposed future advertisement:
25 posted on 02/22/2014 6:05:43 AM PST by TomGuy
[ Post Reply | Private Reply | To 1 | View Replies]

To: dennisw
These legal marijuana shops should be called Democrat voter factories where they manufacture new ones. New docile idiots Obama voting morons.

Now now. Many pubbies puff, too. It may not make the Dem voters, rather it just makes them dim and dazed.


26 posted on 02/22/2014 6:09:59 AM PST by TomGuy
[ Post Reply | Private Reply | To 9 | View Replies]

To: Wolfie

The day will come when Coloradoans regret this decision, and maybe even repeal it.


27 posted on 02/22/2014 6:11:51 AM PST by bigbob (The best way to get a bad law repealed is to enforce it strictly. Abraham Lincoln)
[ Post Reply | Private Reply | To 1 | View Replies]

To: dennisw
These legal marijuana shops should be called Democrat voter factories where they manufacture new ones.

Don't give the Dems any ideas. Next, you will see the druggie version of motor-voter, doper-voter. Register to vote when you get your dope.

28 posted on 02/22/2014 6:18:10 AM PST by VRW Conspirator ( 2+2 = V OR 9th plus 10th equals V)
[ Post Reply | Private Reply | To 9 | View Replies]

To: Wolfie

What did the dopers pay for an ounce prior and post legalization? Just curious.


29 posted on 02/22/2014 6:23:32 AM PST by umgud (2A can't survive dem majorities)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Wolfie

The headline implies that this tax money has already rolled in to the government. The story says that these numbers are estimates from the politicians. Pure BS. Where did the potheads get all this money to pay these kinds of taxes anyway?


30 posted on 02/22/2014 6:25:12 AM PST by FlingWingFlyer (As government expands, liberty contracts. - President Ronald W. Reagan)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Wolfie

> Wait, I though pot turned people in violent maniacs prone to acts of destruction? You people have to make up your mind.

While driving an automobile or heavy machinery though I think Alcohol is worse in that regard. As a gateway drug to harder drugs, yes.


31 posted on 02/22/2014 6:28:57 AM PST by jsanders2001
[ Post Reply | Private Reply | To 15 | View Replies]

To: Wolfie

Where did the potheads get all this money to pay these kinds of taxes anyway?

Look at the crime increase in Colorado. That’s the answer.


32 posted on 02/22/2014 6:29:00 AM PST by stars & stripes forever (Blessed is the nation whose God is the Lord.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: cripplecreek

Also, notice that there is not even the thought of using this new found revenue to pay down their debt. That’s not even on the radar. They intend to waste every damn cent of this new found revenue, especially on “other priorities”. I have an idea: why don’t they use this new revenue to pay down their debt? Oh I see, what fun is THAT?


33 posted on 02/22/2014 6:29:17 AM PST by lafroste
[ Post Reply | Private Reply | To 19 | View Replies]

To: FlingWingFlyer

> Where did the potheads get all this money to pay these kinds of taxes anyway?

From the taxpayers probably. They get in line with someone who wants to buy groceries cheap. They buy the goceries for them with their EBT cards. They walk out of the store and the welfare recipient hands over the groceries for cash. Simple.


34 posted on 02/22/2014 6:34:09 AM PST by jsanders2001
[ Post Reply | Private Reply | To 30 | View Replies]

To: lafroste

I personally think decriminalization would have been a lot smarter but that would require a compromise. Better to pay a ticket if caught rather than willingly hand money to government every day.


35 posted on 02/22/2014 6:38:22 AM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
[ Post Reply | Private Reply | To 33 | View Replies]

To: FlingWingFlyer
Where did the potheads get all this money to pay these kinds of taxes anyway?

"Welfare cash pulled from ATMs inside Colorado pot shops"

From us
36 posted on 02/22/2014 6:43:41 AM PST by RandallFlagg ("I said I never had much use for one. Never said I didn't know how to use it." --Quigley)
[ Post Reply | Private Reply | To 30 | View Replies]

To: Wolfie

Excellent, I wonder how much the star would profit on the sale of heroin and ruffies?


37 posted on 02/22/2014 6:43:50 AM PST by SampleMan (Feral Humans are the refuse of socialism.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mfish13

I would suspect about the same number as the last time you were there prior to the change in the law.


38 posted on 02/22/2014 6:46:22 AM PST by dmz
[ Post Reply | Private Reply | To 3 | View Replies]

To: Wolfie

I was in Denver for a few days this week. A report on the news yesterday said all the tax revenue from the legal pot would be used to clean up the problems caused by it. Also, supporters said the black market pot would dry up and it is actually exploding. There were reports of lines to buy illegal, tax free pot in some city parks.


39 posted on 02/22/2014 6:49:14 AM PST by socal_parrot (I hate to say I told you so, but...)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Wolfie

So the politicians are excited about the tax revenue from pot so they can spend the money on drug abuse programs?


40 posted on 02/22/2014 7:04:35 AM PST by Rusty0604
[ Post Reply | Private Reply | To 1 | View Replies]

To: mfish13

About the same amount as there was before it was legal.


41 posted on 02/22/2014 7:04:40 AM PST by Dusty Road
[ Post Reply | Private Reply | To 3 | View Replies]

To: dmz

You beat me to it.


42 posted on 02/22/2014 7:11:08 AM PST by Dusty Road
[ Post Reply | Private Reply | To 38 | View Replies]

To: socal_parrot

How do tell the difference between legal pot and illegal pot?


43 posted on 02/22/2014 7:12:22 AM PST by Dusty Road
[ Post Reply | Private Reply | To 39 | View Replies]

To: Wolfie

Dopehead nation. Governments profitting from peddling dope, growing itself bigger and bigger with tax receipts. How lovely. America’s becoming a really evil place. Hard to imagine this is the same country I was once willing to give my life for.


44 posted on 02/22/2014 7:29:47 AM PST by greene66
[ Post Reply | Private Reply | To 1 | View Replies]

To: TomGuy
Now now. Many pubbies puff, too. It may not make the Dem voters, rather it just makes them dim and dazed.

Let me guess. They become Log Cabin Republicans?

45 posted on 02/22/2014 7:31:54 AM PST by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
[ Post Reply | Private Reply | To 26 | View Replies]

To: knarf

You see every angle of a ‘modern’ car’s body hast to be beveled down so that it resembles an egg shape, losing ALL personality. That way the car’s MPG will increase a whopping .0001.


46 posted on 02/22/2014 7:33:33 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Wolfie

Denver is known as the “mile high” city for a reason.


47 posted on 02/22/2014 7:34:53 AM PST by central_va (I won't be reconstructed and I do not give a damn.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Dusty Road
How do tell the difference between legal pot and illegal pot?

The illegal pot you buy on street corners is much cheaper. True! In Colorado legal pot goes for 2x the illegal price and the illegal stuff is prolly as good or nearly so....I suppose. The pot heads can render judgement on this

48 posted on 02/22/2014 7:35:09 AM PST by dennisw (The first principle is to find out who you are then you can achieve anything -- Buddhist monk)
[ Post Reply | Private Reply | To 43 | View Replies]

To: mfish13
I have to go there on business and wonder how many stoners are out there driving.

Exactly, recreational pot for recreational car crash homicides.

49 posted on 02/22/2014 7:44:46 AM PST by Mountain Bike Vomit Carnage (I am waiting for the Last Supper to be served again with an exciting new appetizer.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: mfish13

“I have to go there on business and wonder how many stoners are out there driving.”

The same number driving in your area right now.


50 posted on 02/22/2014 7:50:51 AM PST by CodeToad (Arm Up! They Are!)
[ Post Reply | Private Reply | To 2 | View Replies]


Navigation: use the links below to view more comments.
first 1-5051-57 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson