cannabisnews.com: Marijuana Dispensers Welcome Ruling
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Marijuana Dispensers Welcome Ruling
Posted by CN Staff on November 18, 2009 at 04:24:30 PT
By Tim Hoover, The Denver Post
Source: Denver Post
Denver, CO -- They might be the only businesses in Colorado begging for their products to be taxed.But a number of medical-marijuana dispensaries say taxation is critical for their industry's long-term health, and many say they've been collecting sales taxes for months — before a legal opinion issued Monday saying their products are taxable.
After the opinion from Attorney General John Suthers, medical-marijuana dispensaries could be facing penalties for not collecting sales taxes that could include fines and, ultimately, seizure.Mark Couch, a spokesman for the Colorado Department of Revenue, said agency officials met Monday to discuss sending a letter to dispensaries statewide to inform them about paying the state's 2.9 percent sales tax. "We'll be actively contacting them to remind them of their legal obligations," Couch said. Dispensaries also must obtain state retail sales-tax licenses, which cost $4 for one year. Starting in January, businesses can purchase two-year licenses for $16.Suthers' opinion said medical marijuana is subject to state sales tax as are food products made with it. Marijuana seed, however, is considered an agricultural product and exempt from sales tax.For dispensary owners like Miles Zalkin, who operates Pain Management of Colorado in Denver, the opinion just means business as usual."We've been collecting sales tax from Day One," said Zalkin, whose business has been open just over a year. "We run our business as if it was regulated."Zalkin estimated he's collected tens of thousands of dollars in Denver and state sales taxes. Snipped Complete Article: http://www.denverpost.com/ci_13811621Source: Denver Post (CO)Author: Tim Hoover, The Denver PostPublished: November 18, 2009Copyright: 2009 The Denver Post CorpWebsite: http://www.denverpost.com/Contact: openforum denverpost.comCannabisNews Medical Marijuana Archiveshttp://cannabisnews.com/news/list/cannabis.shtml
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Comment #7 posted by FoM on November 18, 2009 at 10:26:52 PT
runruff
I don't know what to say but we are on the road to seeing the liberty of cannabis. We've waiting a longtime but we might just live to see the day when cannabis laws are changed everywhere.
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Comment #6 posted by FoM on November 18, 2009 at 09:23:45 PT
Taxing Cannabis
I don't care about tax as long as it won't be taxed for people who when it's legal grow their own.
[ Post Comment ]
Comment #5 posted by Hope on November 18, 2009 at 08:58:41 PT
Taxation is fine
Just as long as they stop spying on people, busting down doors, killing dogs, killing people, robbing, destroying, arresting people, persecuting, and caging them.
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Comment #4 posted by tintala on November 18, 2009 at 08:32:44 PT:
Good to live in CO
Cept for the freakin traffic, no one knows how to drive in Boulder,., bunch of scullywags...but the taxation is welcome!
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Comment #3 posted by runruff on November 18, 2009 at 08:20:03 PT
Jackson Browne
My song this morning:http://www.youtube.com/watch?v=jFowNFvmUxw&feature=PlayList&p=41BCB214C7EC968B&index=42
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Comment #2 posted by runruff on November 18, 2009 at 08:17:26 PT
I'm feeling melancholy this morning!
I feel I was born out of my time! I want to organize a movement that is tired of EVERYTHING!I don't see the fire in the spirit of of my countrymen! Whenever I sand up I find myself standing alone!
I have been stripped of wealth, liberty and they are chipping away at my health!My country seems preoccupied? focused on Hamburgers, sports, careers, and of course the all American pass time: collecting stuff!I feel I would be better suited for another time perhaps when people knew that without liberty all the rest is moot! All the rest is outhouse rhetoric! All the rest will soon disappear!
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Comment #1 posted by herbologist on November 18, 2009 at 05:35:52 PT:
taxation towards legalization.
We have been in full support of paying City ,State And federal taxes since conception five years ago.we recently offered our city council an extra 4% tax.However the only catch is the 4% has got to be used for green Only.Green tax for green.Can you imagine when parks pop up paid for by Medical marijuana patients.or areas burned by forest fires replanted by MMJ activists.
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