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.
Copyright 2015 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.
If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.powered by Disqus