Colorado Has Cannabis Tax Holiday

by Admin on September 17, 2015

Marijuana growers in Colorado were celebrating yesterday, when the state enjoyed a day-long suspension of recreational cannabis taxes, reports Charlotte Observer.

Buyers may have saved a few dollars but wholesale sellers made savings in the tens of thousands of dollars.

This was due to quirk in the state tax law, which allowed a one-day tax suspension which enabled growers to transfer over a month’s inventory without paying 15% tax.

Colorado Harvest Co., a chain in the Denver area reportedly saved $45,000 before even opening for business.

Owner, Tim Cullen, said “This is just gravy.”

Currently 20 US states have legalized marijuana for medical use or have legalized recreational use. This trend is also seen globally with Portugal and Holland also decriminalizing the drug.

Drug lawyers in Thailand Chaninat and Leeds are experts in handling marijuana offences in Thailand.

The situation in Thailand and SE Asia is quite different however. While Thailand does not have the draconian penalties of Singapore, marijuana users are subject to arrest, detention, fines and imprisonment. This is in part due to the history of marijuana, and the wider drug laws in Thailand.

Colorado legalized the recreational use of marijuana in 2012, the first state to do so. Since then ‘pot tourism’ has become popular. It is regulated in a similar way to alcohol.

Read the full story here.

Marijuana use is illegal in Thailand, however many are calling for a review on Thai cannabis laws.

Also in the news this week: Brazilian Supreme Court Debates Legalizing Weed.

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