New report offers overview of Colorado and Washington’s experiences with taxing marijuana
The debate over marijuana legalization is not going away. DC, Alaska, and Oregon will vote on legalization measures in November and 13 other states will likely push for similar ballot initiatives and legislative efforts in the near future. As this progress unfolds, it is important to keep track of the new approaches and proposals to taxing marijuana. Currently, two states have legalized marijuana sales and have put new tax structures into place: Washington and Colorado. A new report from the nonpartisan Tax Foundation examines each state’s experience thus far.