The Marijuana Tax Act of 2012

As you may or may not already know marijuana is now legal in Colorado under Amendment 64 or the regulate marijuana like alcohol act of 2012. What this means is that although marijuana is legalized, they are going to attempt a marijuana tax it like alcohol. That means millions of tax dollars a year in revenue for the state of Colorado. Christian Sederberg has proposed that the first 40 million generated by marijuana taxing should be used to improve as well as build new public schools. I believe that once the other states start to see what massive tax revenue can be gained by taxing and regulating the herb just like alcohol, many will attempt to legalize it.

It is estimated that there will be a marijuana tax between 30-40%. To give a relative example, the average gas prices in my neighborhood for today are about $3.80. The average fuel taxes across the U.S as of January 2013 are about 30 cents to the gallon. 3.8 divided by .3 = 12.66, so that means that gas is taxed in my area at around 12.5% a gallon. Now hopefully you will be able to understand the magnitude of what a 40% tax could mean for marijuana prices at certified stores. Of course better heavily taxed and legal than not taxed and illegal.

A problem that those assigned to taxing the herb is that they have to find the sweet spot between too expensive and too cheap. For if the prices for cannabis are ridiculously high then some officials fear most could rely on illegal methods of buying the substance. Of course the fact that all adults over the age of 21 can legally grow six plants in their home makes this an altogether rational fear. For if not enough people buy legal weed then the administration could collapse due to lack of funding.

Colorado certainly has a lot of challenges to face in their effort to legalize the herb. From marijuana tax to regulating they have a lot to sort out, but I am confident in them. Not to mention federal opposition the bill could have. Most is uncertain in Colorado, but the beacon of pot smokers statewide will serve as a moral buffer for any who are too uncertain.

Similar Posts

  • Medical Cannabis for ADHD

    Attention deficit hyperactivity disorder (ADHD) is a neurodevelopmental mental disorder. There is some confusion surrounding this disorder with attention deficit disorder, or ADD. They are in fact the same thing, but ADD is a more outdated way of saying ADHD. It has a variety of symptoms with the most notable being, trouble paying attention, excessive…

  • Cannabis Side Effects

    Everyone who ingests cannabis recreationally does so for the much enjoyed high. But whether you’re smoking up for medical or recreational benefits, the fact remains that there are often wanted, or unwanted side effects. When you get side effects like cottonmouth, it can be hard to determine why. It could be the strain, it could…

  • Exercise While High

    While when you think of a pot smoker, the first things that come to mind are typically lazy stoners sitting in their mom’s basements playing video games. And it’s true that cannabis negatively affects motivation in many cases, essentially making you want to chill out all the time. But, did you know that the substance…

  • Cannabis FAQs Everyone Asks

    If you are new to cannabis, you probably have questions. Lots of them. You are not alone. Every day, people search online for Cannabis FAQs Everyone Asks. They want clear answers. They want simple explanations. And they want to understand how weed works. This guide will answer the most common cannabis questions in a clear…

  • Don’t get ripped off.

    When your buying weed, its easy to get ripped off. Especially if your new to the subject. I’ve had people try to sell me 8ths for $65! The first step to not getting ripped off is knowing your prices. Average prices are  $20 a gram, $50-55 an eighth, $80-100 a quarter, $170-200 a half O,…

  • Treating PTSD with Cannabis

    Post-traumatic stress disorder or PTSD is a psychiatric disorder. It is generally found in people who have been exposed to life-threatening or terrifying situations. For this reason, it is a common disorder among veterans. Although persons with PTSD are not limited to living through life threatening/terrifying situations, other causes for PTSD can be physical or sexual abuse….