Snowmass voters in favor of an added 5 percent sales tax on marijuana
In a landslide first set of election results, Snowmass voters supported the town imposing a 5 percent sales tax on marijuana.
Early numbers reported from Pitkin County as of 10 p.m. Tuesday showed an overwhelming 70.16 percent of Snowmass voters in favor of the added sales tax, while 29.84 percent were opposed.
Snowmass Town Manager Clint Kinney said Tuesday night he believes the results are “reflective of the community.”
“I think those that want marijuana are happy to tax it to legitimize it,” Kinney said, “and those that don’t want marijuana think it should be taxed as much as possible and penalize it.”
While marijuana sales are not yet legal in Snowmass Village, they are expected to be next year.
The total revenue that the town expects marijuana sales in Snowmass to generate from all taxes (including the added 5 percent sales tax) is between $194,967 and as much as $584,900 annually.
The state levies a 15 percent excise tax and 10 percent sales on recreational marijuana across all of its jurisdictions and some municipalities tack on an additional sales tax of as much as 5 percent. The city of Aspen does not levy an added tax.
Altogether, the town projects that pot shops would sell between $1.9 million and $5.8 million in Snowmass Village, according to town documents.
Dispensaries have been under a moratorium in Snowmass Village since 2013, after Colorado voters approved recreational pot sales in November 2012.
Snowmass Town Council at a meeting in October extended the moratorium for a third time until April 1.
Should voters approve the added marijuana sales tax, the dollars would go into the town of Snowmass’ general fund.
The council may further specify where the money will be spent at a later date.
Support Local Journalism
Support Local Journalism
Readers around Aspen and Snowmass Village make the Aspen Times’ work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.
Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.
Each donation will be used exclusively for the development and creation of increased news coverage.
Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.
User Legend: Moderator Trusted User
Basalt didn’t wait for the anticipated economic boom in the United States. It started booming last June and hasn’t let up.