Denver considering 5% tax on pot sales, comparable to cigarette tax. | TigerDroppings.com

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GumboPot
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Denver considering 5% tax on pot sales, comparable to cigarette tax.


quote:

Denver Mayor Michael Hancock wants to impose a tax on recreational marijuana to cover the costs of the coming industry that would be roughly akin to the tax burden on a pack of tobacco cigarettes.

But marijuana advocates fear excessive taxes could destroy the whole idea around voter-approved Amendment 64 and keep recreational pot users in the black market.



I disagree. Pot smoker are going to buy their pot even with hefty taxes akin to tobacco. Also, taxing marijuana will actually keep it legal, IMO. Once governments begin to receive the benefits of marijuana commerce there will be little incentive to make it illegal again.

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GREENHEAD22
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LafayettebywayofBush
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re: Denver considering 5% tax on pot sales, comparable to cigarette tax.


The only way it will work is to tax it, they could tax it at 10% and it would still work.





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JohnnyKilroy
New Orleans Pelicans Fan
Member since Oct 2012
8357 posts

re: Denver considering 5% tax on pot sales, comparable to cigarette tax.


quote:

But marijuana advocates fear excessive taxes could destroy the whole idea around voter-approved Amendment 64 and keep recreational pot users in the black market.



The less taxes the better imo, but lulz at these retards.

I'd definitely pay an extra 50 cents to a dollar per gram to buy my shite legit at a store vs a dealer.

The taxes would have to be pretty insane for people to go back to street dealers.






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oklahogjr
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re: Denver considering 5% tax on pot sales, comparable to cigarette tax.


quote:

Also, taxing marijuana will actually keep it legal, IMO. Once governments begin to receive the benefits of marijuana commerce there will be little incentive to make it illegal again.

I'm never in favor of taxes but there is no way this won't get taxed. Plus aren't the marijuana taxes going to be funneled into education anyways? I'm ok with the government spending my money to educate more people.






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KeyserSoze999
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Member since Dec 2009
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re: Denver considering 5% tax on pot sales, comparable to cigarette tax.


they already tax the shite out of it on every end. The licence agreements and hoops the dispensaries go through are more than any other product. Even a $200 scale has to be "certified" an thus it runs about $1000.

You can go too far with taxes, and the legalized weed is still in its infant stage, Denver could be the hub of the US if played right, but the politicians, like always, are trying to destroy that.






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JohnnyKilroy
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Member since Oct 2012
8357 posts

re: Denver considering 5% tax on pot sales, comparable to cigarette tax.


quote:

they already tax the shite out of it on every end. The licence agreements and hoops the dispensaries go through are more than any other product. Even a $200 scale has to be "certified" an thus it runs about $1000.

You can go too far with taxes, and the legalized weed is still in its infant stage, Denver could be the hub of the US if played right, but the politicians, like always, are trying to destroy that.


I agree that the scale certifications and taxes upon taxes upon taxes are/can get out of hand.

I just don't see the taxes getting so out of control that street prices and street dealers are more attractive than walking to the local store down the street.

There's a lot of extra taxes on alcohol, but you don't see people moving to moonshine or homebrew in any significant amount.






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GumboPot
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re: Denver considering 5% tax on pot sales, comparable to cigarette tax.


quote:

they already tax the shite out of it on every end. The licence agreements and hoops the dispensaries go through are more than any other product. Even a $200 scale has to be "certified" an thus it runs about $1000.



You know wineries, distilleries and breweries have the same type of excise taxes and fees?

With that said, I can see the objection from the dispensaries point of view. If the taxes get too high, people will simply grow it on their own. Pot is apparently pretty easy to grow. This could put a pretty big dent in to the marijuana dispensary business.






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davesdawgs
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Georgia
Member since Oct 2008
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re: Denver considering 5% tax on pot sales, comparable to cigarette tax.


Guberment going to get their cut. Just increased incentive for national legalization.





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JohnnyKilroy
New Orleans Pelicans Fan
Member since Oct 2012
8357 posts

re: Denver considering 5% tax on pot sales, comparable to cigarette tax.


quote:

Pot is apparently pretty easy to grow.


I'm no expert, but I think a good analogy is making you're own beer or wine.

It's easy to do, but it's not so easy to make consistently high quality product. Also takes a lot more time to harvest.

Of course people will start growing their own, but I think it'll be a cottage industry, with the vast majority of users opting for the ease and convenience of the store.






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TheDiesel
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Member since Feb 2010
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re: Denver considering 5% tax on pot sales, comparable to cigarette tax.


Just like wine and beer.





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Sophandros
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re: Denver considering 5% tax on pot sales, comparable to cigarette tax.


quote:

There's a lot of extra taxes on alcohol, but you don't see people moving to moonshine or homebrew in any significant amount.



And people who make their own beer or wine or liquor do so for many reasons that are not even remotely related to taxes.






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TH03
Notre Dame Fan
In Darth's Head
Member since Dec 2008
91575 posts

re: Denver considering 5% tax on pot sales, comparable to cigarette tax.


quote:

Pot smoker are going to buy their pot even with hefty taxes akin to tobacco.


yea, this will be a non issue. even with a tax, the prices at smoke shops will still be way cheaper than what someone pays on the streets somewhere else






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CherryGarciaMan
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Member since Aug 2012
1418 posts

re: Denver considering 5% tax on pot sales, comparable to cigarette tax.


The major problem in the taxation effort is going to be because it is a cash business. Banks do not allow medical marijuana or even recreational marijuana dispenseries to go through their accounts electronically, thus creating a hardship on both ends of the taxing spectrum (govt and biz).

And, taxation will not deter people from buying their pot at the store. An oz in CO right now goes for less than a hundred bucks






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Green Chili Tiger
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re: Denver considering 5% tax on pot sales, comparable to cigarette tax.


What's to consider? Denver will be rolling in even more money in no time.

Do it now






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Patrick O Rly
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re: Denver considering 5% tax on pot sales, comparable to cigarette tax.


How bout frick taxes?





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Homesick Tiger
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re: Denver considering 5% tax on pot sales, comparable to cigarette tax.


quote:

the prices at smoke shops will still be way cheaper than what someone pays on the streets somewhere else


Weed-Mart. Wonder if they will honor the policy of "show us where we're higher (pun intended) and we'll make it lower".






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Beer Bryant
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re: Denver considering 5% tax on pot sales, comparable to cigarette tax.


quote:

the prices at smoke shops will still be way cheaper than what someone pays on the streets somewhere else



I was thinking legalization would drive the black market price down. I would think it being illegal drove the price UP.






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CITWTT
LSU Fan
baton rouge
Member since Sep 2005
31765 posts

re: Denver considering 5% tax on pot sales, comparable to cigarette tax.


quote:

Plus aren't the marijuana taxes going to be funneled into education anyways?



BS. the politicians in every braanch of govt will give a great eplanation for the taxes/revenue to everyone, then they will do whatever the F they desire with them in the end. The examples for this being the case are far too numerous to be cataloged.






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JohnnyKilroy
New Orleans Pelicans Fan
Member since Oct 2012
8357 posts

re: Denver considering 5% tax on pot sales, comparable to cigarette tax.


The black market would just cease to exist.

At least cease to exist as it does before legalization. It would only really exist in the form of selling legally bought weed to minors.






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CherryGarciaMan
Sugar Magnolia
Member since Aug 2012
1418 posts

re: Denver considering 5% tax on pot sales, comparable to cigarette tax.


quote:

I was thinking legalization would drive the black market price down. I would think it being illegal drove the price UP.



YOU"RE RIGHT.

Long article, but the graph is very telling:








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