KKTV Pueblo
PUEBLO, Colo. (KKTV) – After being suspended for a few months, the marijuana excise tax is again in Pueblo. The tax has additionally elevated from what it was earlier than.
From January 1 of this 12 months till final Monday, marijuana was taxed at 0 %. Earlier than this, marijuana was taxed at 8 %, however now it has elevated to 10 %.
Cash from the marijuana excise goes towards the overall fund, which pays for issues like enhancements to varsities and for police and fireplace departments. Pueblo Metropolis Council members say the rationale they reintroduced this tax was as a result of town misplaced $200,000 from its funds by not having the tax.
Metropolis Council member Regina Maestri says that for the reason that legalization of marijuana, Pueblo has seen extra psychological well being points. She additionally says that the rationale the tax was 0% for a few months this 12 months was as a result of a dispensary requested it from the Metropolis Council.
Supply: https://www.kktv.com/2024/03/13/southern-colorado-city-reintroduces-marijuana-tax/
