Tax Foundation: Coloradans to Vote on Structurally Unsound Property and Cannabis Tax Changes
Cannabis Law Report
OCTOBER 23, 2021
Colorado Proposition 119: Increasing Cannabis Taxes. To partially fund the program, the state’s tax on retail sales of cannabis would increase from 15 percent to 20 percent over three years. Colorado collected $410 million in cannabis excise tax es in FY 2021 from a 15 percent wholesale tax and 15 percent retail tax.
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