The current cost for one ounce of marijuana averages $200 with a 20% surcharge included. In addition, the state sales tax in Colorado for any retail purchase is currently 10% but an extra 2.39% is added to any retail purchase of the drug, making the sales tax on a purchase 12.39%. The fact that the product is available legally is justifiable and has not deterred buyers from paying the extra taxes and levies. Colorado retail stores have seen sales of the drug exceed $70 million. Medical clinics have posted sales even higher, achieving numbers totaling more than $132 million dollars for the first 6 months of 2014 alone. The combined totals are well over $202 million dollars. Taxes collected are in abundance as well, as the amounts top $17 million dollars, representing 1/8 of the states total budgetary needs for the year. The combined totals from both recreational and medical purchases have lawmakers and other countries taking
The current cost for one ounce of marijuana averages $200 with a 20% surcharge included. In addition, the state sales tax in Colorado for any retail purchase is currently 10% but an extra 2.39% is added to any retail purchase of the drug, making the sales tax on a purchase 12.39%. The fact that the product is available legally is justifiable and has not deterred buyers from paying the extra taxes and levies. Colorado retail stores have seen sales of the drug exceed $70 million. Medical clinics have posted sales even higher, achieving numbers totaling more than $132 million dollars for the first 6 months of 2014 alone. The combined totals are well over $202 million dollars. Taxes collected are in abundance as well, as the amounts top $17 million dollars, representing 1/8 of the states total budgetary needs for the year. The combined totals from both recreational and medical purchases have lawmakers and other countries taking