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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, 09:32 PM   #46
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Quote:
Originally Posted by GloucesterChief View Post
I am sure it would if the government of Colorado would stop trying to intervene in the market.

They set the tax high to drive demand to stay in the shadow market and then complain about not getting the tax revenue. You can't have it both ways. Its sad that you don't understand this. It is basic economics.
I understand it fine. One of the primary reasons for legalization has turned out to be fantasy.
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Old 08-13-2014, 09:42 PM   #47
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Originally Posted by Donger View Post
I understand it fine. One of the primary reasons for legalization has turned out to be fantasy.
Then like I said. You can't have it both ways.

Why are you such a drug warrior anyway? The war on drugs has been an utter failure, just like all prohibitions on victimless crimes, on all fronts. Huge waste of money, lives, erosion of civil rights, militarization of police, increases violence, and a huge shadow economy.
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Old 08-13-2014, 10:02 PM   #48
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Quote:
Originally Posted by Donger View Post
I understand it fine. One of the primary reasons for legalization has turned out to be fantasy.
Do you really think that there are people out there who said "This shit is incredibly harmful to society, but **** it - I love tax revenue!"?

There are plenty of reasons for legalization that have nothing to do with taxes.
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Old 08-13-2014, 10:56 PM   #49
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Originally Posted by Donger View Post
I understand it fine. One of the primary reasons for legalization has turned out to be fantasy.
A 12 million dollar fantasy. I could use a few of those.

I also love how an anti-tax conservative is now bitching about lack of tax revenue.
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Old 08-13-2014, 11:04 PM   #50
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Originally Posted by Donger View Post
I understand it fine. One of the primary reasons for legalization has turned out to be fantasy.
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Old 08-13-2014, 11:11 PM   #51
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The taxes on pot is too dam high!

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Old 08-14-2014, 01:19 AM   #52
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Originally Posted by NewChief View Post
A guy I know who lives out there now says he still buys black market because he knows tons of people who grow and have a surplus after they sell all their wholesale. They sell their surplus at retail for the same price they sell to wholesalers. So if you buy black market, you're getting it way cheaper. I think the legal risk is pretty minimal for all parties, it's just a matter of having a connection.

This behavior would certainly lessen tax revenue.

Edit: I see this has already been covered in the thread and isn't any kind of new information. It does bring up the potential for "revenuers" to start targeting growers just like they targeted stills as the US moved out of alcohol prohibition.
Monitor the growers more closely, beef up the fines for selling under the table, send a couple to jail for a few days or take away their licesne. Most will snap in line.

When this strategy really pays off is when weed becomes legal in a majority of US states. Even with fairly high taxes, smuggling very much across the border becomes unprofitable.
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Old 08-14-2014, 01:42 AM   #53
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Originally Posted by BucEyedPea View Post
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.
The government was already involved, using our tax dollars to enforce antiquated drug laws and incarcerate non violent "criminals" that were created because of those antiquated drug laws. Just moving the budget away from enforcement and incarceration saves money. I've also heard that there was a legislative snafu preventing collection of MJ taxes out of the gate that contributed to the shortfall. I don't know how much of an affect that had on the financials, but I am pro legalization even though I don't use the drug and don't ever plan to. Generally speaking I think the baseline state for all activity should be legal until/unless proven that control is necessary. I don't beleive that anyone has shown the need for pot to be illegal any more than any substance that is currently legal. MJ needs to be rescheduled by the DEA.
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Old 08-14-2014, 01:44 AM   #54
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Originally Posted by Donger View Post
I understand it fine. One of the primary reasons for legalization has turned out to be fantasy.

For me, the primary reason for legalization is that it's stupid for the stuff to be illegal in the first place. There is no reason for it.
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Old 08-14-2014, 01:57 AM   #55
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Originally Posted by Donger View Post
I understand it fine. One of the primary reasons for legalization has turned out to be fantasy.
You also have to realize that just because it's legal there doesn't mean the Colorado market is saturated with stores.

We were just in south Colorado, and there wasn't a legal dispensary within 50 miles in any direction from Pagosa Springs. So, it's not like there are head shops on every corner selling all this marijuana.

Let's re-evaluate in a couple of years when they are actually everywhere.
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Old 08-14-2014, 06:59 AM   #56
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Originally Posted by Donger View Post
I understand it fine. One of the primary reasons for legalization has turned out to be fantasy.
12 million dollars the state wouldn't have had before is fantasy?
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Old 08-14-2014, 07:19 AM   #57
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You don't even need a shady black market grower. With proper shopping, everyone can get $100-$150 ounces from the dispensaries. Not to mention, most people know someone with a red card.

I bet even Donger. Even if he doesn't know it.
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Old 08-14-2014, 08:11 AM   #58
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Quote:
Originally Posted by DaFace View Post
Do you really think that there are people out there who said "This shit is incredibly harmful to society, but **** it - I love tax revenue!"?

There are plenty of reasons for legalization that have nothing to do with taxes.
Possibly. Like I said, one of the primary reasons.
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Old 08-14-2014, 08:12 AM   #59
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Originally Posted by NewChief View Post
A 12 million dollar fantasy. I could use a few of those.

I also love how an anti-tax conservative is now bitching about lack of tax revenue.
See above regarding that it may not even break even.

And, I'm not bitching about the lack of tax revenue. I'm just pointing out that one of the primary justifications the stoners claimed about legalization was money. It seem like they were wrong.
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Old 08-14-2014, 08:20 AM   #60
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Originally Posted by Silock View Post
You also have to realize that just because it's legal there doesn't mean the Colorado market is saturated with stores.

We were just in south Colorado, and there wasn't a legal dispensary within 50 miles in any direction from Pagosa Springs. So, it's not like there are head shops on every corner selling all this marijuana.

Let's re-evaluate in a couple of years when they are actually everywhere.
Pot stores aren't allowed everywhere. Communities were given the choice of allowing them or not.
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