From: Miller,
Amber - Mayor's Office
Sent: Friday,
June 06, 2014 2:36 PM
To: Alegria,
Rowena - Mayor's Office Communications Director
Subject: PRESS
RELEASE: Denver Proposes Plan for Marijuana Revenues to Address City’s
Immediate Needs
Importance: High
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PRESS RELEASE For Immediate Release
Friday, June 6, 2014 |
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City and County of Denver Mayor Michael B. Hancock Rowena.Alegria@DenverGov.org O: 720.865.9095 Denver Proposes Plan for Marijuana
Revenues to Address City’s Immediate Needs DENVER – Mayor Michael B. Hancock today proposed
an updated spending plan for marijuana tax revenues to ensure Amendment 64
continues to be implemented successfully in Denver. The $3.35 million plan, which
will be considered by the Denver City Council’s Government and Finance
Committee on June 11, will allow the city to meet immediate regulatory,
safety and education needs directly tied to the new retail marijuana
industry. “We promised the people of Denver responsible and
balanced implementation of Amendment 64, and this request will help us meet that
goal,” Mayor Hancock said. “It will give us the tools necessary to properly
regulate the industry and protect our neighborhoods, our children, our parks
and other public spaces.” The spending plan allocates money to specific uses in
three categories as follows: o
Business Regulations and Neighborhood Safety -
$1,785,700 o
Law Enforcement and Public Safety - $825,700 o
Youth and Public Education - $746,000 Aligned with the priorities of Hancock
administration, the proposal will provide support to educational efforts,
including new youth prevention activities in partnership with the state and
an extension of the city’s successful “Know the Law” campaign around responsible adult use. The plan also will allow the city to develop a robust
data collection system to track the impact of this new law and continue to
make smart, responsible policy and spending decisions. “Denver is at the forefront of this new frontier of
marijuana regulation,” Denver Executive Director of Marijuana Policy Ashley
Kilroy said. “From the onset of this unprecedented law, it’s imperative that
we have the resources to create a framework for a responsible marijuana
industry.” Denver voters in November approved a 3.5 percent
sales tax on retail marijuana sales to support the implementation of
Amendment 64, including regulation, enforcement, public health and education
efforts as well as programs to prevent underage use. Colorado voters also approved an excise tax of 15
percent, wherein the first $40 million goes to school construction, and also
an initial special sales tax of 10 percent. A portion of the special
state sales tax is shared back to local governments that have approved retail
marijuana sales. The Denver portion of state revenue is based on the
amount of revenue activity that occurs within Denver for that particular
month. # # # |
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