Tag: marijuana tax
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Manitou Springs’ sales tax outlook still limping after marijuana loss
After a rough economic year due to the loss of millions in recreational marijuana revenue, Manitou Springs has seen a tepid but steady start to its most lucrative season. “I think the numbers are promising moving forward,” said Nate Moore, a senior budget analyst with the city, at a presentation on Tuesday evening. The latest…
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Aurora council kills proposal to eliminate marijuana excise tax
Aurora councilmembers shot down a proposal during a recent study session to get rid of the excise tax on marijuana cultivation. Officials said the city relies heavily on the nearly $700,000 in revenue generated from the tax to pay for road work and debt. In Colorado, on top of regular sales tax, the marijuana industry…