Denver considers additional marijuana tax

POSTED: 10:08 AM MDT Jul 09, 2013    UPDATED: 10:10 AM MDT Jul 09, 2013 
Marijuana joint
DENVER (AP) -

The Denver City Council is considering asking voters to approve an additional tax on recreational marijuana to cover the costs of regulation.

That would be in addition to a ballot measure in November asking Colorado voters to approve a 15 percent excise tax plus a 10 percent statewide sales tax on all retail marijuana purchases.

The Denver Post reports marijuana advocates are worried that excessive taxes could destroy the whole idea around voter-approved recreational marijuana use.