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Accounting, Tax, IRS & Marijuana

Colorado Raises Retail Marijuana Sales Tax Rate from 10% to 15%

In a move that will affect hundreds of marijuana businesses in the state, Colorado’s governor signed a bill into law that will raise the retail cannabis sales tax from 10% to 15%.

The tax hike – which potentially could damp retail cannabis sales – is part of a broader legislative package to fund Colorado’s rural hospitals, schools and roads, Colorado Springs TV station KRDO reported.

Read more at https://mjbizdaily.com/colorado-hikes-retail-marijuana-sales-tax-10-15/