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Milestone Marijuana Debate

By: AP
By: AP


Colorado's marijuana regulation debate could be nearing an important milestone. A panel of lawmakers hoped to complete work Friday on a series of proposals for how the drug should be grown, sold and taxed.

A major item awaiting a vote is how to tax the drug.

Pot taxes need to be high enough to pay for regulation and efforts to keep pot away from people under 21. But if marijuana sales taxes are too high, pot users warn they'll stay in the black market, where no taxes are collected.

Colorado's marijuana excise tax is capped at 15 percent. State sales taxes add 2.9 percent, with lawmakers still debating an additional pot sales tax.

The pot committee planned to meet Saturday if they couldn't settle the remaining questions Friday.

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