Marijuana Is Making Colorado So Much Money They Literally Have To Give Some Back To Residents

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Colorado’s marijuana laws were created in order to raise money for the state and its schooling system, but a state law might be putting some of that tax money right back into residents’ pockets!
The state constitution has a limit for how much tax money the state can raise before it has to give some back to the residents of the state. This means that Coloradans may each get their own fair share of the $50 million in recreational marijuana taxes collected in the first year of legal sales. This situation has gotten so strange that even Republicans and Democrats are agreeing on the tax issue.
Even some customer of pot shops are surprised the State might not keep the taxes they promised would go toward schools when voters legalized cannabis in 2012.
“I have no problem paying taxes if they’re going to schools,” said Maddy Beaumier, 25, who was visiting a shop near the Capitol. However, David Huff, a 50 year old carpenter from Aurora, said taxes that add 30% or more to the price of his cannabis, depending on the jurisdiction, is too steep.

For more Details visit Colorado Marijuana News

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