Colorado hikes retail marijuana sales tax from 10% to 15%

In a move that will affect hundreds of marijuana businesses in the state, Colorado’s governor signed a bill into law that will raise the retail cannabis sales tax from 10% to 15%. The tax hike – which potentially could damp retail cannabis sales – is part of a broader legislative package to¬†fund Colorado’s rural hospitals, schools and roads,¬†Colorado Springs TV station KRDO reported. Under the new law, Colorado cannabis retailers must now charge a 15% sales tax for MJ products on top of a 15% marijuana excise tax, a 2.9% “tangible personal property” sales tax as ... Colorado hikes retail marijuana sales tax from 10% to 15% is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs