What’s in Colorado’s New Marijuana Laws

Yesterday the Colorado General Assembly gave final approval to legislation aimed at implementing Amendment 64, the marijuana legalization initiative enacted by that state's voters last November. H.B. 1317 establishes a framework for regulating the state-licensed pot stores that are supposed to start opening next year, while H.B. 1318 imposes a 15 percent excise tax and a 10 percent special sales tax on marijuana. The Colorado Department of Revenue now has until July 1 to write detailed regulations, while the new taxes must be approved by voters this fall before they can take effect.