CO May Be Forced To Refund $60 Million In Marijuana Tax Revenue


A year after Colorado allowed recreational marijuana sales, millions of tax dollars are rolling in, dedicated to funding school construction, marijuana education campaigns and paying marijuana inspectors and regulators. The New York Times says a “legal snarl” may force the state to hand that money back to marijuana consumers, growers and the public, something legislators do not want to do. The problem is a strict anti-spending provision in the state Constitution.

The Taxpayer's Bill of Rights may require Colorado to refund nearly $60 million in marijuana taxes because the state's overall revenue estimates ended up being too low when the marijuana tax question was put to voters. Lawmakers are trying to figure out a way to keep that money, and they are hoping Colorado voters will let them. In rare bipartisan agreement, legislators are piecing together a bill that would seek voters' permission to hold on to the marijuana money.

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