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By turnercowles
June 10, 2015

The current tax on marijuana in Colorado is 10%, but legislators have decided to permanently reduce it to 8% in an effort to cut into the black market. There’s even a one-day tax holiday on Sept. 15, 2015, so mark that down on your calendar. This is taking place while neighboring Oregon is debating whether to install a tax on consumers buying weed; right now — or rather, once marijuana legalization comes into effect— only growers will pay taxes on it, according to the Oregon Liquor Control Commission.

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The purpose of this disclosure is to explain how we make money without charging you for our content.

Our mission is to help people at any stage of life make smart financial decisions through research, reporting, reviews, recommendations, and tools.

Earning your trust is essential to our success, and we believe transparency is critical to creating that trust. To that end, you should know that many or all of the companies featured here are partners who advertise with us.

Our content is free because our partners pay us a referral fee if you click on links or call any of the phone numbers on our site. If you choose to interact with the content on our site, we will likely receive compensation. If you don't, we will not be compensated. Ultimately the choice is yours.

Opinions are our own and our editors and staff writers are instructed to maintain editorial integrity, but compensation along with in-depth research will determine where, how, and in what order they appear on the page.

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