Colorado voters reject marijuana tax hike, two other statewide ballot measures | Cannabis Business Executive – Cannabis and Marijuana industry news

Other measures would have reduced property tax assessment rates, required all state spending to go through legislature Colorado voters defeated Proposition 119, a proposed increase to the state’s retail marijuana sales tax that would have helped fund out-of-school learning efforts, as well as the two other statewide measures in Tuesday’s election, according to unofficial results.…
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Other measures would have reduced property tax assessment rates, required all state spending to go through legislature

Colorado voters defeated Proposition 119, a proposed increase to the state’s retail marijuana sales tax that would have helped fund out-of-school learning efforts, as well as the two other statewide measures in Tuesday’s election, according to unofficial results.

Proposition 120 and Amendment 78 called for a reduction in property tax assessment rates and a requirement for all state spending to go through the Colorado legislature, respectively.

More than 1.2 million Colorado voters had cast ballots as of 5 p.m. Tuesday — about 31% of the state’s active registered voters.

They rejected Proposition 119 by 54.49% to 45.51%; Proposition 120 by 56.63% to 43.37%; and Amendment 78 — which would have required 55% of the vote to pass — by 56.89% to 43.11%, according to results posted at 8:22 a.m. Wednesday.

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