NewsNational News

Actions

Denver’s proposed marijuana tax less than Richmond meal’s tax

Posted at 11:59 AM, Aug 27, 2013

DENVER — The Denver City Council finally settled on a proposed tax rate for recreational marijuana sales.

These so-called pot shops will open their doors for business in January.

We found it interesting that the tax for recreational marijuana sales will be less than the meals tax in Richmond (6 percent) and Virginia Beach (5.5 percent). For a decent look at meals taxes around the nation, click here. This isn’t a story against the meals tax, per say, it’s a story of a U.S. state trying to figure out how to tax marijuana.