The Colorado Marijuana Excise Tax
, also known as HB 1318
, will appear as a legislatively-referred state statute
on the ballot
for the general election on November 5, 2013
. If passed, the measure, which is sponsored by Rep. Jonathan Singer
(D-11), would implement a 15% excise tax on all marijuana sales in the state. The revenue would be used to fund the construction of schools. Another measure, the Colorado Marijuana Sales Tax
, is also being sent to the November
ballot as a result HB 1318's passage. However, this will appear as a separate measure entirely from that of the excise tax.
This bill is sponsored by Rep. Jonathan Singer.
Path to the ballot
On April 30, the House passed HB 1318 with a vote of 37 - 27. On May 8, the Senate passed the bill with a vote of 25 - 10.