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B-CR-TEO
Denver proposes raising marijuana tax as
part of plan to double affordable housing fund

KMGH-TV [Denver, CO], by Kurt Sevits

Original Article

Posted By:NorthernDog, 4/16/2018 4:42:20 PM

DENVER – The City of Denver wants to double the amount of money it spends on affordable housing every year and part of that plan involves raising taxes on marijuana sales. The city announced on Monday a new partnership with the Denver Housing Authority that would involve boosting Denver’s affordable housing fund to $30 million annually and issuing more than $100 million in bonds to support more affordable housing over the next five years. “We can all agree – more resources are key to addressing this challenge,” Denver Mayor Michael Hancock said. “The Housing Authority has been a trusted partner

Comments:
And they are just getting warmed up when it comes to taxing MJ sales.

      


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Reply 1 - Posted by: Folsomguy, 4/16/2018 4:45:25 PM     (No. 11604125)

They also want to change their name to Deverfornia.

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Reply 2 - Posted by: Jethro bo, 4/16/2018 4:53:37 PM     (No. 11604135)

I thought pot as legal for those with illnesses. So now Denver is going to finance housing by making chronic pain patients, terminally ill and others with horrible illness pay for other people´s housing. that is just cruel.

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.New_S.
  


 
Reply 3 - Posted by: schnapps, 4/16/2018 4:56:06 PM     (No. 11604139)

Taxing joints for joints. What a concept.

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Reply 4 - Posted by: hpmatt, 4/16/2018 5:01:00 PM     (No. 11604141)

Quad-ruple it! Why not. Reduce property taxes for hardworking stiffs...

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Reply 5 - Posted by: planetgeo, 4/16/2018 5:07:50 PM     (No. 11604150)

Here´s a clue. Here in Mexifornia, they had been raising taxes on marijuana and found that (shocker!) the underworld types who have moved in didn´t like to pay the government crooks and ever larger share of their income, so they went back to illegal selling. Now the government crooks are dropping their teaxes because they can´t hang with the competition. I can´t wait until both the drug gangs and the government crook gangs start shooting one another in the streets or on the beaches. Poetic justice.

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Reply 6 - Posted by: Nevadadad46, 4/16/2018 5:08:21 PM     (No. 11604152)

And then the illegal MJ began to be much more affordable. This is exactly how state idiots and elected goons ruin things and start profitable black markets.

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Reply 7 - Posted by: antiquegolf, 4/16/2018 5:12:03 PM     (No. 11604155)

Legal marijuana is expensive. Now the liberals want to tack on a big tax increase. An expected outcome is this will cause more people to buy dope on the black market which is already flourishing. Experience says, revenues from this tax will fall way short of projections. Liberals defy logic as usual.

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R-TA-Wide_2
  


 
Reply 8 - Posted by: antiquegolf, 4/16/2018 5:13:35 PM     (No. 11604156)

Sorry, Poster 6, you got there first.

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Reply 9 - Posted by: Rolfnader, 4/16/2018 5:26:07 PM     (No. 11604170)

There´s a reason why every mj store in Denver has at least two ATMs. Only a politician would expect taxes fo be paid in that scenario.

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Reply 10 - Posted by: Heraclitus, 4/16/2018 5:27:30 PM     (No. 11604172)

Well, this is one of those "duh" moments.

Who on earth did not expect this to happen, let alone the equivalent of bootlegging and Moonshiners? just naive or dumb.

They wouldn´t need as much "affordable" housing if there weren´t so many dope-heads who can´t get up in the morning and go to work.

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Reply 11 - Posted by: cjohn2979, 4/16/2018 6:05:46 PM     (No. 11604200)

Typical liberal response to a problem. Raise taxes while ignoring the fact that their liberal policies are what made housing unaffordable in the first place.

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Reply 12 - Posted by: Gop_guys, 4/16/2018 6:19:36 PM     (No. 11604208)

Denver is beautiful city. Drive up I-70 for fly fishing and golf in the Summer and skiing in the winter. The Colorado Rockies is a wonderland! Lots of people want to live in Denver, not everyone can afford to. Affordable housing is a scam created by politicians.

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.LockDme.


 
Reply 13 - Posted by: TCloud, 4/16/2018 6:57:59 PM     (No. 11604235)

Need to fix their POT Holed Roadways before I every go thru da state again!

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Reply 14 - Posted by: Ribald1, 4/16/2018 7:09:37 PM     (No. 11604248)

Pot costs less than $15 a pound to grow in a greenhouse, that is high quality pot. The Israelis petitioned to be able to sell pot to states where it is legal, the wholesale price for top grade stuff was to be just under $14 a pound, including shipping costs.
Legalization is driving prices and profits down, but it is bringing costs down for smugglers and the cartels as the criminal risks are near zero.

The cartels have less overhead, and more addicts. They win, you lose.

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Reply 15 - Posted by: MainelySane, 4/16/2018 7:11:57 PM     (No. 11604253)

The lucky ones will get subsidized housing and have more money to buy dope. Life is good!

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Reply 16 - Posted by: Whamdbambam, 4/16/2018 8:22:13 PM     (No. 11604292)

This is what you get when the government goes into the drug business.

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Reply 17 - Posted by: anonymous, 4/16/2018 8:30:39 PM     (No. 11604299)

This represents the perfect liberal intersection - the love of mind-altering substances intersecting with the love of taxes intersecting with the love of community housing.

Those liberals sure love their intersections.

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.R-LJ.
  


 
Reply 18 - Posted by: motorcycleboy, 4/16/2018 9:22:55 PM     (No. 11604341)

If they don´t filter out the mentally ill from these housing projects they´ll all be dangerous places to live. The mentally ill are typically the most dangerous elements among the homeless populations in our cities.

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Reply 19 - Posted by: Rumblehog, 4/16/2018 10:47:49 PM     (No. 11604382)

So in comes the illegal dope.

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Reply 20 - Posted by: Omen, 4/16/2018 11:08:44 PM     (No. 11604388)

The concept of the goose & golden eggs is lost on dem.

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Reply 21 - Posted by: dvc, 4/16/2018 11:36:48 PM     (No. 11604401)

Piddle it away on leftist insanity.

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Reply 22 - Posted by: KatieJo, 4/17/2018 4:45:30 AM     (No. 11604464)

If you didn´t see this coming.....

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Reply 23 - Posted by: JMEGrammy, 4/17/2018 3:27:57 PM     (No. 11605014)

Gee, it could be as great as CA charging us outrageous tax on gasoline, all the $ goes to roads and bridges don´t you know?! NOPE, it doesn´t, they just spend it. And regular cigarettes are over $8 a pack so all the tax can help lung cancer? NOPE, wrong again! BTW, cigarette smokers are treated like lepers, but MJ smokers are cool, when did that happen exactly??

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