It’s unfortunate that Colorado voters have not been offered the correct choice for what to do with the tens of millions of dollars in excess revenue generated by the state’s retail marijuana sales. When excess revenues are generated and have to be returned by law, the money should be returned to the segment of the population from which it was generated. This could easily be accomplished by simply reducing the sales tax on marijuana sales for whatever period of time it would take to make up the $66 million, and then restoring the tax to its former level.
This way the purchasers whose expenditures generated the excess revenue would be the ones who would receive the “refund.” Whichever way Proposition BB goes in the election, the state has simply created, through retail marijuana sales, yet another way of transferring money from one segment of the population to another. To be fair, it should go back to those from whom it came.
Jennifer Hope
Cortez
