Colorado Marijuana Sales Up Slightly In 2nd Month – Yahoo Finance

Lawmakers from both parties said they’re anxious about spending the pot taxes until they have more months of tax reports. “We still don’t know a lot,” said Sen. Kent Lambert, R-Colorado Springs. “There’s a lot of volatility in this.” For now, Colorado’s overall $23 billion budget next year doesn’t rely on any marijuana taxes. Instead, lawmakers will consider a separate bill just concerning pot taxes. Colorado voters last year decided that the first $40 million of recreational pot excise taxes should go to school construction. The entire sales tax from pot set at 12.9 percent, in addition to local sales taxes is up to lawmakers to appropriate.
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