Making an old crime pay
August 27, 2013
Taking a stab at an issue that might become commonplace in other states soon, Denver’s city fathers are laying down retail rules and tax proposals for the non-medical sales of marijuana in neighborhood settings. (Denver Post)
Colorado voters approved legalization of recreational marijuana use in the last general election, and the efforts of local governments there to quantify and regulate sales and exchanges of the weed are being closely watched by officials of other states.
A tax rate of 3.5 percent on pot sales will be assessed, which would add about $3.4 million annually to the city’s general fund — enough, say officials, to pay for regulation, enforcement and education.
Efforts also are aimed at keeping retail stores away from school premises.