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Recreational Pot Not Bringing In Tax Money That Was Expected
denver.cbslocal.com ^ | 9/2/2014 | Unknown

Posted on 09/03/2014 7:13:28 AM PDT by rktman

High hopes for tax money isn’t as expected as the state’s legal marijuana industry isn’t bringing in as much money as anticipated. In fact, tax revenue is way below expectations.

When voters approved recreational marijuana sales the state predicted it would pull in more than $33 million in new taxes in the first six months. The actual revenue came up more than $21 million short.

The problem is that buying pot is less expensive on the streets where people don’t have to pay taxes or fees.

Medical marijuana is also less expensive than recreational pot, so those with medical cards are sticking to buying that way.

(Excerpt) Read more at denver.cbslocal.com ...


TOPICS: Culture/Society; Government; Politics/Elections; US: Colorado
KEYWORDS: biggergovernment; cannabis; cartels; dopers; libertarianagenda; marijuana; morebiggovernment; morecorruption; moregovernment; moreregulations; moretaxes; munchies; nannystate; pot; potheads; terrorism; unexpected
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Oh WOW dude. I like totally forgot to pay the taxes on my last bag of weed and bought a bunch of brownies instead. Bummer huh?
1 posted on 09/03/2014 7:13:28 AM PDT by rktman
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To: rktman

NO!
Unpossible!


2 posted on 09/03/2014 7:13:54 AM PDT by Darksheare (Try my coffee! First one's free..... Even robots will kill for it!)
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To: rktman

But the state now has all that new additional infrastructure and employees, so win win all around.


3 posted on 09/03/2014 7:15:21 AM PDT by jiggyboy
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To: rktman

Liberals have a long and unbroken record of being wrong about virtually everything they choose to lead.

Colorado is currently infested with liberals, and sooner or later we’ll have to do with them as we will have to do with Muslims.

The Emperor Palpatine approach comes to mind.


4 posted on 09/03/2014 7:16:21 AM PDT by Da Coyote
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To: rktman

So I guess pot smokers have something in common with those evil corporations.


5 posted on 09/03/2014 7:17:19 AM PDT by Huskrrrr
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To: rktman

The problem is that buying pot is less expensive on the streets where people don’t have to pay taxes or fees.

Stupid stoners and idiot pro-dope losertarians are to blame here. But either way - black market (cheaper) or taxed and legal (expensive) - the winners are the drug cartels.

6 posted on 09/03/2014 7:17:46 AM PDT by Responsibility2nd (NO LIBS. This Means Liberals and (L)libertarians! Same Thing. NO LIBS!!)
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To: rktman

Chickenpooper blew it again.


7 posted on 09/03/2014 7:19:09 AM PDT by mountainlion (Live well for those that did not make it back.)
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To: rktman

How much is being saved on police not busting down people’s doors, shooting their dogs & clogging the courts with ticky-tack marijuana violations that bring in court fines & fees?


8 posted on 09/03/2014 7:19:43 AM PDT by gdani (Every day, your Govt surveils you more than the day before)
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To: rktman

Surprise, surprise. Everyone should have seen this coming. With the banks not accepting dope money because of federal banking laws, most pot revenues are held in cash by the sellers.


9 posted on 09/03/2014 7:20:01 AM PDT by txrefugee
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To: Huskrrrr

Hmmmm. warren boofet/berkshire halfaway comes to mind. Yup. His secretary pays more taxes percentage wise than he did because he just pays capital gains with no “paycheck”. She of course pays based on a salary. Weird how the extremely wealthy can find any and all tax law loopholes there are. Guess that’s why they’re rich. Flat tax for all!


10 posted on 09/03/2014 7:20:48 AM PDT by rktman (Ethnicity: Nascarian. Race: Daytonafivehundrian)
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To: Responsibility2nd
the winners are the drug cartels

The gun grabbers and New Deal big government champions do pretty well.

11 posted on 09/03/2014 7:21:21 AM PDT by tacticalogic
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To: Responsibility2nd

As soon as pot is legalized, pot smokers will have to face a voracious government trying to collect as much tax money as possible as opposed to dealing with and overwhelmed police officers and a justice system that could really care less.


12 posted on 09/03/2014 7:23:17 AM PDT by rdcbn
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To: rktman

It looks like the politicians are going to have to “tax the hell out of it” some more. LOL!


13 posted on 09/03/2014 7:24:24 AM PDT by FlingWingFlyer (America is not a refugee camp or woman's shelter for illegals! It's my home! !)
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To: rktman

Attempting to tax a product that grows like a WEED!


14 posted on 09/03/2014 7:25:31 AM PDT by PoloSec ( Believe the Gospel: how that Christ died for our sins, was buried and rose again)
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To: gdani

Too many people are happy with the police state and the war on drugs that steal their freedoms.


15 posted on 09/03/2014 7:27:01 AM PDT by Blood of Tyrants (The cure has become worse than the disease. Support an end to the WOD now.)
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To: gdani
If you'll allow me …….
"How much is being saved on police not busting down THE WRONG people’s doors, shooting their dogs……"
16 posted on 09/03/2014 7:27:42 AM PDT by moehoward
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To: rdcbn
overwhelmed police officers and a justice system that could really care less.

Asset forfeiture laws have turned some police officers into something more akin to bounty hunters, and they care very much.

17 posted on 09/03/2014 7:28:22 AM PDT by tacticalogic
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To: Da Coyote

That is nutty

Kill the libs?

Kill the pot smokers?

Where I live...Dixie....all the pot folks I know

Well over 100

Are gun owning right wingers

So good luck with your genocide down here

Well be waiting for you hoss


18 posted on 09/03/2014 7:29:25 AM PDT by wardaddy (Ferguson MO...but i thought blacks went north to escape the racism of mean ol southerners)
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To: rktman; Salvation

And the largest Oregon newspaper just endorsed a measure for Oregon to legalize pot...for the taxes


19 posted on 09/03/2014 7:29:28 AM PDT by goodnesswins (R.I.P. Doherty, Smith, Stevens, Woods)
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To: rktman

As I recall there was a reason it was called weed...


20 posted on 09/03/2014 7:29:33 AM PDT by wastoute (Government cannot redistribute wealth. Government can only redistribute poverty.)
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