Colorado Residents Get A "Marijuana Tax" Refund

Thanks to TABOR, Colorado’s taxpayer bill-of-rights law, tax revenue that comes in over a certain threshold is mandated to be returned to the taxpayers. Colorado is expecting excess revenue this year, as Governor John Hickenlooper has said, and a rebate will be in order.

Why? Well, partly because taxes raised from the sale of marijuana have fueled the government’s coffers above and beyond what had been expected:

Gov. John Hickenlooper’s proposed $26.8 billion Colorado budget, unveiled Monday afternoon, includes two rebates for taxpayers.

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