Colorado: Cannabis to be Sold Tax Free on September 16th

coloOn September 16th, recreational cannabis will be sold tax free throughout the State of Colorado. The one day “tax holiday” was signed into law by Governor Hickenlooper in June.

The one day tax-break is due to the Colorado’s Taxpayer’s Bill of Rights. The law requires voter approval for new taxes, and mandates that any new taxes be waived and refunded if overall state collections exceed projections given to voters when they approve a new tax.

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