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April 26 2013
DENVER — If marijuana is legalized and properly regulated, its proponents have long said, it could generate millions of dollars in state tax revenue. But how the drug should be taxed has proved to be a thorny question.
Under the proposal, the first $40 million collected from a 15 percent excise tax would be used to build public schools. Revenue from a 15 percent sales tax imposed, in addition to the state’s 2.9 percent sales tax and any local sales tax, would be apportioned to local governments and for
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