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Old 08-13-2014, 04:30 PM  
Donger Donger is offline
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(Colorado) Taxes for recreational pot fall short of estimates

http://www.thedenverchannel.com/news...t-of-estimates



DENVER - Taxes on recreational pot sales in Colorado are falling short of estimates.

Original predictions were that taxes would generate $33.5 to $100 million for the fiscal year that just ended.

However, the Denver Post reports that the actual amount in retail sales and excise tax came in at just over $12 million, according to Colorado Department of Revenue.

State Rep. Dan Pabon said it might be time to look at medical marijuana. Pabon chairs a special legislative committee on marijuana revenue that met for the first time Tuesday.

A market study for the state found that the lower-taxed medical-marijuana market continues to outpace the recreational market in sales. Recreational sales are expected to grow.

State economists are coming out with new forecast next month using the data from the first six months of sales.
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Old 08-13-2014, 04:31 PM   #2
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Can't say I'm surprised. When you tax the shit out of something that has been in the black market forever, it doesn't create much of an incentive to pay more for it.
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Old 08-13-2014, 04:31 PM   #3
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Old 08-13-2014, 04:31 PM   #4
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Some money is better than no money.

Plus, the money saved from not incarcerating people is also a positive.
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Old 08-13-2014, 04:32 PM   #5
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Sorry, I meant to post this in DC. Please move.
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Old 08-13-2014, 04:32 PM   #6
durtyrute durtyrute is offline
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Oh no, they only gained 12 million in taxes.
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Old 08-13-2014, 04:32 PM   #7
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Originally Posted by KC native View Post
Some money is better than no money.

Plus, the money saved from not incarcerating people is also a positive.
Yeah, this is more about how it should be regulated rather than whether it should be legal.
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Old 08-13-2014, 04:33 PM   #8
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Originally Posted by KC native View Post
Some money is better than no money.

Plus, the money saved from not incarcerating people is also a positive.
I just think that it's pretty funny. All the stoners were talking about before this was going up for vote was how many millions it was going to bring in.

Missed it by *this* much...
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Old 08-13-2014, 04:33 PM   #9
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Old 08-13-2014, 04:34 PM   #10
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Quote:
Originally Posted by Donger View Post
Sorry, I meant to post this in DC. Please move.


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Old 08-13-2014, 04:34 PM   #11
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Quote:
Originally Posted by DaFace View Post
Can't say I'm surprised. When you tax the shit out of something that has been in the black market forever, it doesn't create much of an incentive to pay more for it.
Then why legalize it?
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Old 08-13-2014, 04:35 PM   #12
Stewie Stewie is offline
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Oh no, they only gained 12 million in taxes.
Except for the $20 million in new salaries to track and govern the sales.
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Old 08-13-2014, 04:35 PM   #13
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Old 08-13-2014, 04:36 PM   #14
BucEyedPea BucEyedPea is offline
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Except for the $20 million in new salaries to track and govern the sales.
So they lose money.


Why I am against more ways for govt to get funds. More bureaucrats to run our lives. Worst argument for making something legal, imo.
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Old 08-13-2014, 04:36 PM   #15
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I just think that it's pretty funny. All the stoners were talking about before this was going up for vote was how many millions it was going to bring in.

Missed it *this* much...
"The stoners" also were up in arms about the taxes being so high that people would stick to the black market. It's basically become a tax on tourists.

(Which is just fine, when it really comes down to it.)
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