Marijuana Revenue Is So High in Colorado, State Will Have to Reimburse Taxpayers

colorado marijuanaBy Joshua Krause

When Colorado decided to legalize the recreational use of marijuana, everyone expected the state’s tax revenue to increase. What they didn’t realize at the time was that the state government might actually make too much money. So far the state has earned over $150 million from the 30% tax on pot, which exceeded expectations.

Now they may have to pay some of that money back to the taxpayers. According to a 1992 amendment to Colorado’s constitution called the ‘Taxpayer Bill of Rights’ when the state earns more than they anticipated from a given industry, they have to return the difference to the people. When pot was first legalized the state didn’t expect a whole lot of money, so they underestimated future profits. Now they’ll have to find some way to give $50 million back to the public.


What’s especially funny about this situation, is how the money-grubbing politicians in Colorado are reacting to the news. Neither political party wants to give up the money, and lawmakers are currently working on a bipartisan bill that would ask the voters if they can keep their loot. I guess there’s only one issue that is guaranteed to unite Republicans and Democrats, and that is taking more money from the public.

Joshua Krause is a reporter, writer and researcher at The Daily Sheeple. He was born and raised in the Bay Area and is a freelance writer and author. You can follow Joshua’s reports at Facebook or on his personal Twitter. Joshua’s website is Strange Danger.


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4 Comments on "Marijuana Revenue Is So High in Colorado, State Will Have to Reimburse Taxpayers"

  1. If that doesn’t spur the other states to legalize nothing will. However 30% tax is obscene; makes the price too high for those who need it for medical purposes.

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  2. Reduce the tax – even Vinny the loan shark – who will nail you knees to the floorboards if you don’t pay up – rates aren’t that high.

  3. Average Joe American | September 9, 2015 at 9:30 pm | Reply

    The perfect combination: legalized marijuana, southwestern states with a good growing climate (NM and AZ), and retiring northerners from the hippy days sick of inclement winters. Real estate values would go through the roof. When are the state legislatures going to wake up and smell the coffee?

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