Willjay wrote:Presctiptions in my state are not taxed. The tax rate is going to be close to 25% in CO that could be a signefient savings for the patient over a recreational user. When I visit CO, I'll pay the tax because I can

I've read a couple of articles that say it will be taxed at a rate of 25%, but this number is misleading. They are adding in the taxes the producer and retailer will pay in with the sales tax the consumer will pay. This is a rundown of what the tax structure will actually look like.
Description of Amendment 64
Amendment 64 proposes to treat marijuana similarly to alcohol — adults 21 and older would be able to
consume, possess and purchase marijuana from legitimate, taxpaying businesses. Like alcohol, driving
under the influence of marijuana will remain illegal as would the transferring of marijuana to individuals
under the age of 21. Also known as the Regulate Marijuana like Alcohol Act, the proposal bill would
provide a system to regulate and tax marijuana’s production and distribution with both an excise and a
sales tax. The excise tax of no more than 15 percent will be levied upon the marijuana produced by a
cultivation facility prior to 2017, after which the rate would be permitted to rise. The first $40 million in
excise tax revenue raised annually is credited to the Public School Capital Construction Assistance
Fund, a program that provides funding for the nearly $18 billion dollars in unmet school construction
needs across Colorado.2 A state sales tax (2.9 percent) and a local sales tax (rate varying depending on
the local jurisdiction) will also be levied upon marijuana purchases. In addition, A64 requires the
general assembly to enact legislation concerning the cultivation and sale of industrial hemp.