Fruita voters on Tuesday approved a 5 percent sales tax on medical marijuana, making the city the first in Colorado to tax products sold by an industry that has boomed in the Grand Valley. The Daily Sentinel explains that the measure receive a 60% approval rating from the voters and the Town of Fruita will tack the tax onto to the city’s existing 3 per cent sales tax. This new tax on medical marijuana will take effect May 1st. City officials estimate that his tax will generate no more than $100 thousand in additional revenue…
Source: Daily Sentinel (Posted 3:12p by Jim Kapp)
Colorado lawmakers are considering a plan that would allow a grocery store to transfer ownership of a liquor store license. NBC 11 News reports that this measure is currently being discussed by the House Business Affairs and Labor Committee and would also allow businesses to convert a retail liquor store license to a liquor-licensed drug store….
Source: NBC 11 News (Posted 3:14p by Jim Kapp)