[Source: www.mmjbusinessdaily.com]
Colorado taxpayers could get extra cash back this year if the state’s marijuana-related tax revenues exceed projections, which would provide some solid PR for the cannabis industry.
Under Colorado’s Taxpayer Bill of Rights (TABOR), if the marijuana industry exceeds the estimated $70 million in annual tax revenue that voters agreed upon in November 2013, the state could refund the extra cash back to taxpayers.
A tax refund could boost Coloradans’ perception of the marijuana industry – and even accelerate acceptance of recreational marijuana in other states.
READ MORE: Recreational Sales Could Trigger Taxpayer Refund
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