Denver officials to discuss spending pot taxes

By: Associated Press Email
By: Associated Press Email
Denver officials are talking about how to spent marijuana taxes.

MGN Online

DENVER (AP) Denver officials are talking about how to spent marijuana taxes.

The City Council's Government and Finance Committee is slated to discuss pot spending at its Wednesday morning meeting.

Denver Mayor Michael Hancock has proposed spending $3.35 million in marijuana tax revenues on business regulation and public safety.

The mayor's plan includes about $746,000 on youth and public education about marijuana. That would include Denver's "Know The Law" campaign on responsible pot use.

Denver voters in November approved a 3.5 percent sales tax on retail marijuana sales. That's in addition to state taxes of 17.9 percent on recreational pot.

Colorado's recreational pot industry is largely concentrated in Denver.


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