surplus

Ganjapreneur: Colorado Voters to Decide Whether to Refund Cannabis Tax Money

Ganjapreneur: Colorado Voters to Decide Whether to Refund Cannabis Tax Money

Colorado voters will decide next week whether the $66 million in marijuana taxes collected this year will be kept by the state for school construction and drug abuse prevention programs or refunded to citizens.

Because Colorado has a surplus budget this year, the state’s Taxpayer’s Bill of Rights requires the state to ask voters whether they want the excess tax money refunded or if the state can spend it. Proposition BB asks the voters to let the state use the $66 million in pot tax revenue.

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