Initiative to Raise Cannabis Tax in Denver

What is happening? An initiative in Denver, CO backed by billionaires, wants to raise the cannabis tax. The Mayor is opposed.

Why is this important? The increase the initiative is calling for is 13%, and industry does not know why it was identified as the source when proceeds will be used for pandemic research.

How will this be important? There is a swirling wind of whether initiative and referendum have gone too far, like the recall of Governor Newsom. Be on the look out for jurisdiction rolling back initiative and referendum.

Denver Business Journal | Denver Initiated Ordinance 300: Billionaire-backed Denver ordinance would raise retail cannabis tax by 13%

Denver Post | Denver election 2021: Voters asked to tax recreational marijuana sales to fund pandemic research