Hickenlooper floats pot sales tax hike to bridge school funding gap

Gov. John Hickenlooper on Tuesday asked Colorado lawmakers for a 50 percent increase in sales taxes on recreational marijuana starting July 1 to send an additional $42 million to public schools.

The Democrat wants to increase the recreation sales tax on pot to 12 percent effective July 1, the same day the levy is scheduled to fall to 8 percent. The current tax rate is 10 percent.

http://www.denverpost.com/2017/01/17/hickenlooper-pot-sales-tax-hike-school-funding/