Proposition AA breakdown

GRAND JUNCTION, Colo. (KKCO) Proposition AA is on the ballot this year after the passage of Amendment 64 last year.

If passed Proposition AA will establish an excise tax of 15% on top of the 10% sales tax on the retail sale of marijuana.

The excise tax is what is charged on the wholesale price of the product.

The first $40 million of that tax will be given to the state school capital construction program.

Then 15% of the 10% sales tax will be given to local governments with areas where the retail sale of marijuana is allowed.

The other 85% will go to the state for regulatory and enforcement efforts.


KKCO firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKCO 11News.

powered by Disqus
KKCO NBC 11 News 2531 Blichmann Avenue Grand Junction, CO 81505 Station Phone: 970.243.1111 Business Fax: 970.243.1770 Newsroom Fax: 970.245.3793 News Tip & Contest Line: 970.255.8477
Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 230581891 - nbc11news.com/a?a=230581891
Gray Television, Inc.