Colorado lawmakers approved two taxes on marijuana — a 15 percent excise tax, and a 10 percent sales tax. A photo depicts a quarter of an ounce, left, and one ounce of marijuana, along with a handful of rolled joints at a Denver dispensary.
Credit Ed Andrieski / AP
Colorado is set to become the first U.S. state to regulate and tax sales of recreational marijuana, after lawmakers approved several bills that set business standards and rules. Legislators expect enforcement of the rules to be paid for by two taxes on marijuana — a 15 percent excise tax, and a 10 percent sales tax.
Other measures included in the package set limits on how much marijuana visitors to Colorado can buy (a quarter of an ounce), as well as a limit on how many cannabis plants a private citizen can grow (six).
Colorado Governor John Hickenlooper, center, exits the Fort Lyon Correctional Facility in Las Animas, Colo., on Wednesday after touring the facility. Hickenlooper has proposed closing the facility due to budget concerns.