In response, No Over Taxation filed a formal report last week listing the “alternative fair market price” of the marijuana handed out at $1,250, an estimate provided by Denver lawyer Robert Cory.
Mr. Cory defended the weed distribution promotion, saying, “Giving away free marijuana is a potent political tool that is fully within our constitutional rights. I think smart campaigns will forever be using this tactic.”
State officials see marijuana as a major revenue generator, but No Over Taxation has rebelled against the high duties state officials are contemplating. Proposition AA, an initiative on next month’s ballot, would authorize a 15 percent excise tax on pot sales and a special sales tax of up to 15 percent. That is in addition to state and local sales taxes, which in Denver total 8 percent.
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