Probably a little too much of the green on da blog as of late, but we just couldn’t let this nugget vaporize without sparking a little light on the subject.
Sales tax revenues on Medical Marijuana in Colorado Springs, CO have mushroomed 1000% in the first third of 2010.
In fact, it looks like the annual take from tax on tokes will top ten times the tepid tally of Two Thousand Nine.
The bottom line here? Politically speaking, maybe an owner of a dispensary said it best (from the linked article):
“This is revenue,” she said, referring to the taxes dispensaries are paying. “This is going to our city, and it’s staying within Colorado.”
For vendors interested in accurate sales tax compliance, the revelation that medical marijuana can be a stable source of sales tax revenues will only serve to focus more compliance pressure on vendors in this market.
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