With revenue in a COVID-19 freefall, some New Mexico politicos and advocates are getting high on the notion that recreational pot this year will be passed by the state legislature.
Colorado's total marijuana sales surpassed $2 billion in 2020, the highest amount since legalization.
The Wyoming Transportation Department (WYNDOT) is facing a budget shortfall nearly three times more than originally projected, an issue that's underscoring concerns about the state's overall tax configuration.
Colorado raked in over $231 million in both retail and online sports betting wagers in November.
The Colorado Department of Revenue (CDOR) said Wednesday that the state collected $199,788,864 in marijuana sales in October, resulting in $35,410,293 in tax and fee revenue.
(The Center Square) - A conservative advocacy group in Colorado has already submitted a ballot proposal for 2022 that would ask voters to approve reductions to property tax assessment rates, roughly one month after the 2020 general election.
Colorado Rising State Action hopes to lower the state's residential property tax assessment rate by 0.65% - from 7.15% to 6.5%. The proposal would also lower the non-residential property tax assessment rate by 2 percentage points, from 29% to 27%.
Governor Jared Polis kicked off the Thanksgiving holiday by signing an executive order Wednesday that gives Colorado restaurants, bars, and food trucks 30 more days to pay this month's sales taxes.
Businesses in Colorado are facing a sharp increase in taxes unless voters approve repeal of the Gallagher Amendment according to a trade group report.
Colorado State Senator Jerry Sonnenberg argues Proposition 116 is an equal tax cut with a modest reduction in the income tax rate.