Employee Nikki Desiderio explains different marijuana products to customers at the Helping Hand recreational marijuana store in Boulder. (Jeremy Papasso, Daily Camera)
Opinion
YES: It’s what voters wanted
Proposition BB, the only statewide issue in Colorado’s elections this November, asks voters to “allow the state to retain and spend $66.1 million, which has already been collected, rather than refund it to taxpayers.”
Supporters of limited and cost-effective government understand the importance of reminding politicians and bureaucrats whose money they’re spending. Refunds of tax revenue are perhaps the single most-effective way of doing so. However, Proposition BB relates specifically to the refund of excise and sales taxes on marijuana, taxes approved by Colorado voters in 2013 through Proposition AA as required by the 2012 passage of Amendment 64, which legalized recreational marijuana in Colorado.
If BB were to fail, the functional impact would be for the state not to have collected any of the voter-approved 15 percent state excise tax or 10 percent state sales tax on retail (non-medical) marijuana sales.
Two key points, as explained by the Legislative Council staff:
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