The state of Colorado, which is considered the forefather of the fully legal cannabis trade in the United States, reportedly generated more tax revenue in the last fiscal year than what was raised from the sale of alcohol.
An accounting error in Colorado is paying off for marijuana consumers Wednesday, when a quirk in a state tax law prompts the state to suspend most taxes on recreational pot.
Colorado is waiving some taxes on recreational marijuana on Sept. 16. A quirk in state law is forcing the one-day tax holiday. Here are some things to know about why Colorado is tapping the brakes on recreational pot taxes:
Colorado's unusual tax law is forcing the state to suspend taxes on recreational marijuana for one day. The sales-tax break on Sept. 16 will shave $20 off the price of a mid-grade ounce of pot in the Denver area, where ounces this summer sell for about $200 before tax...