Colo. Cannabis Tax Hike Supporters Submit 200K Signatures

By Asha Glover (August 2, 2021, 7:14 PM EDT) -- Supporters of a Colorado ballot initiative that would ask voters to increase the state's sales tax on retail cannabis and put the money toward tutoring and after-school programs said they have submitted 200,000 signatures to the Colorado secretary of state.

Supporters of Initiative 25 said they submitted the petition to the secretary of state Friday. The proposal would impose an additional 3% tax on retail marijuana beginning in 2022. The state already places a 15% tax on marijuana sales by retailers. The additional tax would increase to 4% in 2023 and 5% beginning in 2024, according to the proposal's final text....

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