Dime Store
Publication Date
1-16-2014
Document Type
Article
Organizational Units
Sturm College of Law
Keywords
Recreational marijuana, Marijuana dispensaries, Colorado, Marijuana taxes
Abstract
On Jan. 1, Colorado’s recreational marijuana shops opened for business. It was quite the party. As politicians and marijuana activists jockeyed for the attention of the horde of reporters on the scene, the world’s first legal pot shops opened for business. Most soon had lines stretching around the block. People had come from all over the country, all over the world, and they happily waited hours in the wintry morning chill just to set foot in a store. Everyone wanted to be part of history, and for that they were willing to pay a premium: Recreational pot prices, including hefty new state and local marijuana taxes that in Denver equal nearly a nearly 29 percent tax rate on all pot sales, are currently going for $50 to $60 an eighth, nearly double the price for medical pot in Colorado.
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Recommended Citation
Sam Kamin & Joel Warner, Dime Store, Slate: Altered State (Jan. 16, 2014), https://slate.com/news-and-politics/2014/01/colorado-marijuana-legalization-how-lucrative-is-it-to-be-a-legal-weed-dealer.html.