Regulate it and tax it! In the official proposal dated Feb. 18, Colorado’s Gov. John Hickenlooper requested an additional $28 million in state funding for regulation of pot in the state for the time period July 2013 through July 2015 (two fiscal years). There was already $29 million allocated for enforcement and public safety in 2013. Of course, those state funds would easily be offset by the sales tax generated right? Not so much.
Legalize it, regulate and tax it! That has been the battle-cry of those interested in ending the prohibition of marijuana in the United States. Well, they asked for it and they are going to get it in Colorado, which is suggesting a 35 percent tax to cover the “cost of regulation”.
So goes Santa Barbara, so goes Hartford?
A crackdown on California’s medical marijuana supply chain by federal authorities targeting the state’s illegal drug trade arrived this week in the affluent, coastal county of Santa Barbara.
The latest actions include three asset forfeiture lawsuits filed against properties housing marijuana operations and warning letters sent to people associated with 10 cannabis dispensaries deemed “illegal marijuana stores,” federal officials said.
“All known marijuana stores in Santa Barbara County are now the subject of federal enforcement actions,” a statement from the U.S. Attorney’s Office in Los Angeles said.
This is what we have to look forward to, thanks to the state legislature and Governor Malloy.