State sets rate
A letter from the Colorado Department of Revenue, dated Dec. 27, reveals the average market rate the state will be using to calculate its 15 percent excise tax on marijuana, as approved by voters in November. For the six-month period between Jan. 1 and June 30, average rates for unprocessed cannabis will be $1,876 per pound — or $117.25 per ounce — for retail flower, as it's called; $296 per pound for retail trim; and $9 a plant for retail immature plant.
"The Average Market Rate is a dollar value per pound of unprocessed retail marijuana," the Taxation Division writes. "The Average Market Rate was calculated based on responses by industry representatives of Medical Marijuana Businesses to the survey questions sent to them in October, November, and December 2013. ... It is important to note that with this being a new industry, the Department of Revenue will review and evaluate the current Average Market Rate every six months."
While a majority of the rest of the state celebrates the end of cannabis prohibition, Every Vote Counts is still working to bring said freedom to Colorado Springs. "I should have poll results back this week or next week," said executive director Mark Slaugh last Thursday. "We just spent about seven grand on polling to see where the public sits with it. And then we have our initiative drafted, so as soon as we see what the results are, and do our second round of fundraising, then we'll see what we can do for getting it through."
Fear not (too much)
You're not supposed to light up in public, but if you do in Denver this week, don't expect a lot of trouble. "I am not going to have a team of officers specifically going out looking for people smoking marijuana," Robert White, chief of police, told the Denver Post on Monday. "If we get complaints or run into it, we're certainly going to investigate it. We have to balance our resources as it relates to addressing these issues."
The department caught heat earlier in the year when it failed to prevent smokers from blazing away in Civic Center Park during a protest against the now-passed pot tax.
A few weeks back, Cannabis Now sent out a press release touting a small industry victory: Apple's app store on iTunes accepted the magazine's digital edition. Beyond that, though, there's an interesting history there.
"After putting out its first two issues in Montana, the medical marijuana laws in the state became vastly restrictive preventing, among other things, advertising of any kind," reads the release. "After losing most of its advertising base virtually overnight, the magazine changed its headquarters and expanded to Berkeley, Calif."
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