Taxation is a massive step toward normalization of the product. That I'm happy about. Once the revenues start flowing it will be very hard to shut off the spigot.

I don't care about that so much, as long as they don't regulate home grown ability to make potent strains.

There is no going back. Marijuana will be legal across the entire country in 5 years tops. The revenues will be too great and the crime will go down and it may even make a dent in alcohol consumption which would have a net positive social effect. And no I'm not making a MJ is magical argument, just sayin', it's not as bad as alcohol.

15% tax on wholesale sale of marijuana (from a grower to a retailer) and a 10% tax (on top of the 2.9% state sales tax) at the consumer level (from retailer to customer).

Marijuana advocates in Colorado are really doing everything right. It's going to show the world that marijuana can be done properly and safely.

It's obviously a bit less. And yes, it is 100% the way I say. I just used a round number.

If, in theory, someone sold an OZ and that OZ was sold to the public, then the numbers even out.

edit: oh, you think it would be more, no, not really wholesale prices will be much lower. Even with the 2.9 excise tax. You'd be seeing stores getting marijuana at extremely low prices.

If the price is too high, people will continue to get pot where they always got it before, from their unregulated dealers.

Or grow their own. That's what I do. Keeps me satisfied and out of the market.

to try to grow pot.

I know I need a 1000 watt bulb, water, plant food, what else?

You might get away with using only a 400 or 600 watt HPS or metal halide bulb, depending on the size of the grow. There is plenty of good grow information online, or I recommend books by Ed Rosenthal or Jorge Cervantes.

But I highly recommend growing in sunlight if it all feasible. It's cheaper, no lights can compete with the sun, and it leaves a tiny carbon footprint.

The nice thing about indoor grows is that it is a totally controlled environment. If you do it right (and there is a learning curve), you can grow good weed just fine. Outdoors, you have to deal with animals and weather. (Deer pruned a couple of my plants this year, but just the tops, and that just made them produce more flowers. I got smaller buds, but more of 'em.)

flesh in order to legalize weed I am all for it. When they become dependant on the revenue it will be extremely
difficult for them to reverse course.

I am not saying prices will be higher or lower.
I am just saying the % over wholesale as you state it is not 25%.

One last? time:

if wholesale is 100% then adding %15 gives you 115%.

add 2.9% of the 115% and you get about 118%
then add 10% of that you get about 130% so the % increase to consumer from wholesale is about 30% of wholesale.

Final tax could be well below 25%.

Assume the following:

$10,000 bag of wholesale marijuana, taxed at 15%, price to retailer after excise is $11,500.
Bag is divided into 100 retail portions. Price to retailer per portion is $115 per portion.
Each portion is marked up to $250.
One portion sold at retail, taxed at 12.9%, price to consumer is $282.25

Total taxes in that $282.25 are $15.00 + $32.25 = $47.25. That is far less than a 25% tax rate.

making employers change the way they test to a method the tells if your are under the influence on the job and not what has been in your system for weeks or days. What I do on my on time in privacy of my home off of company property and job sites is none of their business. To me it not a war on drugs as it is a war on weed. Just because it is in your system doesn't mean you are high.

Has to include language that DUI and random drug testing is confirmed by objective impairment rather than some arbitrary number that shows historical presence of THC having no bearing on whether one is presently impaired ......The testing has not caught up with present day realities, although someone will make bank on this one day .....

Talk about an unnecessary giveaway! The Colorado folks did not include that in their initiative, yet won with the same margin of victory.

But yes, I say test for impairment, not metabolites.

Ads, billboards, sales in every gas station and corner store... (?)