Colorado’s Crazy Marijuana Tax
Taxing what you can’t measure is nonsense. But Colorado voters were poised Tuesday to do just that, by taxing wholesale marijuana sales at 15 percent — when no wholesaler exists. That’s right: Most Colorado adult-use marijuana sales must go directly from producer to consumer with no wholesaling allowed, and no wholesale price as a measure for the wholesale tax! That’s because Colorado law, at least at first, requires vertical integration of marijuana businesses. Vertical integration? Here’s an example: A wine … Read More