The Colorado Mariwuana Tax

There's no cap on the number of licenses in colorado, as many people who are qualified to get a license and have the capital can get one. They also started with a low and simple tax rate, ten %. After five years, they raised it to 15%. I think the fact that they started lower and then went higher is actually very smart. It gives the legal mariwuana businesss the ability to compete on more even ground with the illegal sellers.