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Home 🌿 Marijuana Business News 🌿 Colorado Cannabis CEO Urges State Voters to Turn Down a Controversial Tax Ballot Measure in the November 3 Elections 🌿Colorado Cannabis CEO Urges State Voters to Turn Down a Controversial Tax Ballot Measure in the November 3 Elections
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Colorado residents are considering a unique ballot measure on Tuesday, November 3; and the CEO of one of the state’s largest recreational cannabis companies is calling on voters to vote “No” against Proposition BB.
According to Colorado state law, anytime an estimated tax is exceeded that excess amount is targeted for a refund to taxpayers.
Proposition BB asks whether the state should give back more than $66 million in marijuana taxes from last year’s legal recreational cannabis sales to marijuana growers and consumers, or instead put much of that money towards school construction, cannabis education campaigns, youth mentoring, poison control centers and other state...
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