Thread: Colo. medical pot suppliers will have to pay taxes

Colo. medical pot suppliers will have to pay taxes

By The Associated Press
Tuesday, November 17, 2009 at 6:36 a.m.

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.

Colorado lawmakers estimate the state could collect up to $15 million a year on the sales.

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.

Information from: The Denver Post, http://www.denverpost.com

http://www.signonsandiego.com/news/2009 ... pay-taxes/

California needs to do this immediately.

Colorado doesn't tax legal drugs but they are going to tax "medical marijuana" so they are saying it isn't a medical drug, which means they have legalized recreational pot use, if you just pay the tax.