KAJX

Eagle County weighs its very own pot tax

Jul 17, 2017

Credit silverpeakapothecary.com

This is the first year counties in Colorado can collect sales tax on recreational marijuana.

On Monday, Eagle County Commissioners will discuss how to pursue both a sales and excise tax.  

In 2016, they could start charging growers an excise tax, so growers would pay the county a percentage of the product’s value leaving their facilities.

Eagle County has been making less than $250,000 annually from pot sales tax remitted by the state. Should the county start charging a five percent sales and five percent excise tax, county attorney Bryan Treu said it could bring in around $2 million each year.  

The commissioners will discuss what the money would be used for, whether that’s affordable housing or creating a detox center.