Proposition AA

Proposition AA was successfully passed on November 5, 2013. It called for the implementation of two taxes on recreational marijuana in Colorado. Effective January 1, 2014, there will be a 15% excise tax and a 10% sales tax.

The revenue earned from the 15% excise tax will used as funding for the construction of new schools. The revenue generated from the 10% sales tax will fund the regulation and monitoring of the marijuana retail business.