If a Colorado ballot initiative passes, marijuana buyers will have to pay a 15 percent excise tax, as well as up to an addition 15 percent sales tax. Similarly, a Denver city ballot issue would tack on a 3.5 percent tax on marijuana and give the city government the ability to raise that up to 15 percent, all on top of the state tax initiatives.
On Monday, Denver residents enjoyed a free joint giveaway, part of a protest against the proposed taxes.
And weed growers do deserve the same deductions as everyone else:
Anti-tax crusader Grover Norquist threw his weight Thursday behind a congressional effort to allow legal marijuana business to get federal tax breaks. […]
At issue is a section of the federal tax code that prohibits business considered drug traffickers from taking basic tax deductions from business expenses. It was added to the tax code back in the 1980s to target large-scale drug cartels, but hasn’t been changed even though 20-plus states have legalized marijuana in some form.
Reading these pieces, I’m thinking that weed has taken a big step in legitimacy when people are arguing about the details of taxation, and even the conservative Grover Nordquist wants to give you the same tax break that is the God-given right of every real American.