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Colorado hikes retail marijuana sales tax from 10% to 15%

by / No Comments / 0 View / June 1, 2017

By Omar Sacirbey

In a move that will affect hundreds of marijuana businesses in the state, Colorado’s governor signed a bill into law that will raise the retail cannabis sales tax from 10% to 15%.

The tax hike – which potentially could damp retail cannabis sales – is part of a broader legislative package to fund Colorado’s rural hospitals, schools and roads, Colorado Springs TV station KRDO reported.

Under the new law, Colorado cannabis retailers must now charge a 15% sales tax for MJ products on top of a 15% marijuana excise tax, a 2.9% “tangible personal property” sales tax as

Colorado hikes retail marijuana sales tax from 10% to 15% is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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Via: Colorado hikes retail marijuana sales tax from 10% to 15%