Colo. Politicians Threaten to Repeal Marijuana Legalization If Voters Don't Approve High Taxes

Marijuana legalization may have received more votes from Coloradans than President Obama--who carried the state--but some lawmakers are still mulling over a repeal.

As the debate over how to tax marijuana rages on, sister station KCNC reports that a draft bill floating around the Capitol proposes repealing recreational marijuana if voters don't approve a 15 percent excise tax on retail pot and a 15 percent marijuana sales tax.[...]

Some lawmakers argue that the purpose of legalizing marijuana was to bring more revenue into the state, particularly for education, and that if it's not accomplishing that it shouldn't be legal.