Potential Revenue Stream from Retail Marijuana Sales Questionable

Jun 6th @ 9:37 am in News by Scott Staley

Montrose City Hall

(Montrose, CO)

City Attorney Stephen Alcorn says a new City Ordinance passed by the Montrose City Council on Tuesday will prohibit the commercial sale of marijuana but that doesn’t mean the current or a future Council won’t repeal the Ordinance once civic leader see how the issue plays out throughout the state.   Alcorn told the Council on Tuesday that potential revenue gleaned from the state mandated tax on the herb would include 15-percent of the 10-percent tax, potentially in addition to local retail sales tax revenue.  

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Alcorn reminds residents that the Ordinance he crafted and the unanimous approval of it by the Council doesn’t necessarily reflect his or Councilor’s personal views on the subject, but may be in line with the perspective of the majority of Montrose City residents who voted against the amendment to the State Constitution legalizing cannabis.