EAGLE COUNTY — Eagle County does not have its own marijuana tax, but the estimated $2 million it could generate locally has the county commissioners eager for one.
A poll by Boulder-based Magellan Strategies told the commissioners that up to three-quarters of likely voters would support a marijuana tax, depending on how the money was spent.
The commissioners have until Sept. 8 to put a tax question on the November ballot. The county staff is hammering out a possible ballot question, said Bryan Treu, county attorney and interim county manager.
About those Benjamins
Because Eagle County does not have its own pot tax, the county’s marijuana money comes from the state’s 10 percent sales tax and 15 percent excise tax.
“When someone applies for a state license, they pay the state fee. A portion of that is passed along to the county or town.”Scot HunnOwner, Hunn Planning and Policy
Right now, the state shares $250,000 annually in sales taxes with Eagle County, Treu said.
Recommended Stories For You
A county marijuana sales tax would likely be phased in, Treu said, and might start at around 2.5 percent. The early numbers break out like this:
• 2.5 percent could generate $350,000 annually.
• 5 percent could generate $750,000 annually.
Eagle County’s proposed pot tax would be layered on top of the county’s existing 4 percent sales tax, and the state’s 10 percent retail marijuana sales tax, said Scot Hunn, owner of the local consulting firm Hunn Planning and Policy.
Sales taxes are straight arithmetic. Excise taxes are more like first-year algebra, but still not too complicated.
Colorado’s excise tax is the 15 percent tax on a value of a pound of marijuana.
click here to read more.