Colorado Springs News, Sports & Business

Pueblo marijuana street dealer says business will be fine

By Peter Strescino, The Pueblo Chieftain Updated: January 2, 2014 at 5:05 pm 0

Tracy has been selling marijuana in Pueblo for 20 years.

At first, the legalization of recreational pot seemed it might be a problem for business, especially when the retail shops opened, as they did on Wednesday. Colorado became the first place in the world where people can buy the weed legally on an open market.

After Coloradans voted 55-45 percent in 2012 to legalize the use of marijuana, the Legislature and local governments started piling on the taxes and fees, and Tracy, not the dealer’s real name, figured that the underground business would not suffer after the novelty of going to an outlet to purchase marijuana wears off.

“People will get real tired of paying the taxes real fast,” Tracy said. “When you can buy an ounce from me for $225 to $300, the state adds as much as $90 just for the tax.”

Read more here.

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