Colorado Senator Wants To Tax Medical Marijuana

Feb. 26, 2010 — Senator Chris Romer intends to implement the taxation of medical marijuana by amending a bill that regulates cannabis dispensaries. The money gained would be used fund drug education programs for teens, substance- abuse treatment centers, and medical care for veterans and the poor.

Colorado senator wants tax on medical marijuana
By John Ingold
The Denver Post
Posted: 02/26/2010 01:00:00 AM MST
Updated: 02/26/2010 01:43:04 AM MST

A state senator said Thursday he wants to ask voters to impose a special tax on medical marijuana.

Sen. Chris Romer, D-Denver, said he intends to amend a bill that creates regulations for medical-marijuana dispensaries to include a provision that places an excise tax on medical marijuana, similar to the special excise tax that already exists for alcohol. Because of the Taxpayer’s Bill of Rights, that provision — if first approved by lawmakers — must be put before the voters before the tax could be imposed.

Read the full story at Denverpost.com.