GRAND JUNCTION, Colo. (KKCO) Proposition AA is on the ballot this year after the passage of Amendment 64 last year.
If passed Proposition AA will establish an excise tax of 15% on top of the 10% sales tax on the retail sale of marijuana.
The excise tax is what is charged on the wholesale price of the product.
The first $40 million of that tax will be given to the state school capital construction program.
Then 15% of the 10% sales tax will be given to local governments with areas where the retail sale of marijuana is allowed.
The other 85% will go to the state for regulatory and enforcement efforts.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or firstname.lastname@example.org.