Quirk Forces Colorado To Waive Marijuana Taxes On Sept. 16

· Sep. 9, 2015, 2:29 pm
Photo: Smoking marijuana at 4/20 festival in DenverAP
Partygoers listen to music and smoke marijuana on one of several days of the annual 4/20 marijuana festival, in Denver's downtown Civic Center Park, Saturday April 18, 2015.

Colorado's unusual tax law is forcing the state to suspend taxes on recreational marijuana for one day — Sept. 16 — during which a 10 percent sales tax and 15 percent excise tax won't be collected.

The sales-tax break would shave $20 off the price of a mid-grade ounce of pot in the Denver area, where ounces this summer sell for about $200 before tax.

It's unusual for a state that has many times rejected sales-tax holidays on things like school supplies, clothing or energy-efficient appliances. Officials say it could cost the state $3 million to $4 million.

Retailers, meanwhile, are getting ready for an influx of shoppers.

You care.

You want to know what is really going on these days, especially in Colorado. We can help you keep up.  The Lookout is a free, daily email newsletter with news and happenings from all over Colorado. Sign up here and we will see you in the morning!