Denver considers pot tax hike for affordable housing
The city’s 3.5 percent special tax on adult marijuana sales would increase to 5.5 percent, still far below the 15 percent threshold approved by voters several years ago.
Dispensary competition heats up in Aspen
Two established Colorado cannabis retailers seek to compete in Aspen’s Durant Mall. The move would bring to seven the number of marijuana shops in the ski town.
Debate…
Dan Anglin, President of AmericannaCo, debated Jeff Hunt of Colorado’s Centennial Institute on a variety of topics and questions about Colorado’s cannabis industry. The debate was broadcast live to the Conservative Political Action Conference (CPAC) last week.
The future of drug testing?
Cannabis groups promote new testing app to help garner support for legislation to keep workers from being fired for lawful use.
Pot tax law fixed
Governor signs bill to fix legislative error that was costing special districts millions in revenue.
Colorado’s legal marijuana industry generated a record $1 billion in sales during the first eight months of 2017, producing more than $160 million in taxes and fees for critical Colorado services.
With more than $1.02 billion in collective medical and recreational sales through August, sales are up 21 percent from the same period last year, according to The Cannabist, the marijuana news portal of The Denver Post, which analyzed state tax data released last week.
This equates to more than $162 million in taxes and fees for the state, which has received more than half a billion dollars in tax revenue since the first marijuana retail store opened its doors three-and-a-half-years ago.
Legalization of marijuana does not negatively impact home values, and in some cases, positively impacts home values, according to first-of-its-kind study of Denver by researchers at the University of Wisconsin-Madison University of Georgia and California State University. If you don’t want to read the whole study, here are your Top Five Takeaways: