CO SB040

Authorizes each county in Colorado to levy, collect, and enforce a sales tax on all retail marijuana and retail marijuana products by retailers, in addition to state and county sales taxes already imposed.

Requires voter approval through a county election before any retail marijuana sales tax can be implemented, following state constitutional provisions and the Uniform Election Code.

Prohibits the Colorado Department of Revenue from collecting, administering, or enforcing county marijuana sales taxes; instead, the imposing county shall handle all collection and administration duties.

Allows counties to permit retail marijuana stores to retain a county-determined percentage of the collected tax to cover collection and remitting expenses.

Permits municipalities and counties to cooperate in creating countywide uniform sales taxes on retail marijuana and retail marijuana products.