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Colorado wastes no time in over-taxing, over-regulating pot

Photo Credit: Matilde Campodonico/AP

Dear hippies, don't say we didn't warn you about Big Government...

Via Reason:

While drug reformers across the nation are celebrating the beginning of the end of marijuana prohibition (Washington state also has legalized recreational marijuana and several other states are likely to legalize weed in the next few years), Coloradans are working out how exactly to tax and regulate marijuana.

Politicians, of course, want to generate as much revenue from pot sales as they can. And others argue that marijuana sales must, at the very least, generate enough taxes to pay for regulating the industry. But how much taxation is too much taxation?

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