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Marijuana Taxes

A 1/4 ounce, left, and one ounce of marijuana are displayed along with a handful of joints at a dispensary in Denver.

How to Tax Marijuana?

November 1, 2013


A pro-pot jingle in Colorado last year went like this: "Jobs for our people/Money for schools/Who could ask for more?" Nearly a year after Colorado legalized recreational weed, voters get the chance to decide exactly how much more — in taxes.

On Nov. 5, voters decide whether to approve a 15 percent pot excise tax to pay for school construction, plus an extra sales tax of 10 percent to fund marijuana enforcement.

Reporting by Kristen Wyatt, Associated Press.