Ballot: Cannabis Tax Rate Increase

What’s happening? Colorado had a ballot initiative to increase the tax on cannabis to fund education. It failed. A local initiative in Denver to increase cannabis taxes to fund pandemic research also appeared headed toward defeat.

Why is this important? Supporters of the initiatives said the cannabis revenue wasn’t doing enough for education or health care research. The argument didn’t win. Opponents said it is a regressive tax on people’s pain. That won.

How will this be important? Colorado was one of the first states to legalize cannabis, how its voters feel about the collection of cannabis revenue and its uses could be telling.

Marijuana Moment | Colorado Voters Reject Marijuana Tax Increase Ballot Measure Aimed At Funding Education