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.
If you think a “balanced approach” is the right way to go, let’s take a brief look at headlines concerning Connecticut tax revenue in early 2011 as compared stories this week.
When will politicians learn efforts to increase tax revenue have a downstream effect, usually causing serious negative economic issues for the people they are trying to help?