Colorado Considers Tax Status Of Pot Growers

DENVER (AP) — Colorado lawmakers are set to vote Thursday on whether greenhouses that grow marijuana should be treated as agricultural property for tax purposes.

The vote in the Senate Finance Committee is focusing on whether pot farmers should have access to the kinds of tax advantages given to conventional farmers.

A Republican senator proposed the tax bill to streamline property tax assessments for nurseries and greenhouses. A Democratic committee last week rejected his amendment to say that marijuana growers can’t qualify, and the Republican lawmaker said he wasn’t sure whether he still wanted to pursue the bill.

Some Democrats say that immature pot should be taxed like the hops or barley that go into heavily taxed alcohol.

Washington state is also considering pot agriculture taxes.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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