Marijuana farmers unlikely to see farm tax perks
DENVER — Marijuana farmers and agricultural taxation are the next wrinkle facing the states that have legal weed as lawmakers debate how to tax the product as it grows in the ground.
Legislatures in Colorado and Washington are taking a look at pot farmers this session. Sales began Jan. 1 in Colorado and are due to begin in Washington in the coming months.
The states have already decided how to tax finished marijuana. But they are still mulling taxes as pot is produced, such as how the land on which marijuana is grown should be assessed for property taxes.
Some lawmakers in both states say marijuana growers shouldn’t be eligible for any taxation perks afforded to farmers that grow conventional crops. Others say that marijuana while it’s growing should be treated like the hops and barley that go on to become highly taxed alcohol.