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Colorado Announces Plan to Tax Medical Marijuana

Submitted by smorgan on
The wave of sanity rolls on:

In an opinion that could generate more revenue for cash-strapped governments and give additional legitimacy to a fledgling industry, Colorado Attorney General John Suthers said Monday that the state can collect sales tax on medical marijuana.

"Medical marijuana is tangible property that is generally subject to state sales tax," Suthers, a Republican, wrote in response to a query from Gov. Bill Ritter, a Democrat.

The opinion also said medical-marijuana dispensaries must obtain retail-sales licenses from the state to do business. [Denver Post]

It sucks that it took an economic crisis to advance the idea that it makes more sense to generate revenue from the marijuana economy than waste billions trying in vain to destroy it. Of course, we'd have gladly paid the government millions many years ago to stop arresting patients.

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