Colo. Medical Pot Suppliers Will Have to Pay Taxes

[Weedpipe]

DENVER – Colorado Gov. Bill Ritter plans to direct medical marijuana dispensaries to start paying sales tax.

Ritter's move comes after Colorado Attorney John Suthers concluded in an opinion issued Monday that medical marijuana is considered personal property that can be taxed and shouldn't be treated like prescription drugs, which are tax exempt.

Ritter spokesman Evan Dreyer says the administration will immediately tell dispensaries to get retail licenses and start paying sales tax.

It wasn't immediately clear how much revenue the change would generate in the cash-strapped state.

The decision comes just as Denver moves to impose sales tax on medical marijuana.

Denver plans to notify dispensaries that it will start collecting municipal sales tax starting in December.



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Source: The Denver Post
Contact: The Associated Press
Copyright: 2009 The Associated Press
Website: Colo. medical pot suppliers will have to pay taxes

 

[stonedrock]

Ocourse they will tax weed if it's sold legally, everything else is taxed, so what. But thats good, they will get the tax money they would never have had and expand the pogram around the country. I HOPE.