Colorado medical pot suppliers will have to pay taxes

[stuartambient]

DENVER â?? Gov. Bill Ritter will direct medical marijuana dispensaries to start paying sales tax following an opinion from Colorado Attorney John Suthers that medical marijuana is subject to state and local taxes.

In an opinion issued Monday, Suthers said that medical marijuana is considered personal property that can be taxed and shouldn't be treated like prescription drugs, which are tax exempt.

Ritter spokesman Evan Dreyer said the administration will immediately tell dispensaries to get retail licenses and start paying sales tax.

The decision comes just as Denver moves to impose sales tax on medical marijuana.

Denver plans to notify dispensaries that it will start collecting municipal sales tax starting in December.

stuartambient Reviewed by stuartambient on 11-17-2009. Colorado medical pot suppliers will have to pay taxes DENVER â?? Gov. Bill Ritter will direct medical marijuana dispensaries to start paying sales tax following an opinion from Colorado Attorney John Suthers that medical marijuana is subject to state and local taxes. In an opinion issued Monday, Suthers said that medical marijuana is considered personal property that can be taxed and shouldn't be treated like prescription drugs, which are tax exempt. Ritter spokesman Evan Dreyer said the administration will immediately tell dispensaries to Rating: 5

[MEDEDCANNABIS]

now if they do away with plant counts you have legalization.

[justinsane33]

some places have been collecting taxes for a while already so it shouldn't be too big a change

[MEDEDCANNABIS]

where is that money going personal pocket or gov pocket?

[PufferLungs]

I've been paying taxes and have receipts to prove it. The burden of the tax to the state is now on the shoulders of the dispensary.

[puntacometa]

now if they do away with plant counts you have legalization.

yep!
:thumbsup: