.jpg)
In the beginning of October marijuana activists protested a 25% sales tax on recreational marijuana. This sounds a bit absurd considering the highest sales tax for any state and local taxes is in Tennessee with 9.44%. But when you consider that 15% of that tax is going to the construction and upkeep of public schools and 10% funding the enforcement of the marijuana retail industry, it doesn't seem THAT bad. While 25% is still an excessive amount to be taxed, if it is going to help our future's leaders to become smarter, I think it is well worth it. Besides, we shouldn't be arguing about the price so much in one state but on the bigger picture of getting marijuana legalized for all states to enjoy and benefit from.A big problem senators seem to be running into is how they are going to spend all this money they will get from such a high tax. According to a non-partisan Colorado Legislative Council, these taxes will produce $33.5 million the first year and $67 million the second year. That's $5 million to public schools and $3.3 million to go into the regulation. While the money towards the schools is justifiable, how are they going to spend $3.3 million on keeping the marijuana retail business safe? Lots and lots of cameras? For more information on the topic visit this website, more tax quotes can be found here, or post a comment below and tell us if you think this is a fair amount to be taxed.
