The Essentials 1. Marijuana tax in Colorado In addition to electing governors in New Jersey and Virginia and mayors in New York and Boston on Nov. 5, voters had their say on 31 statewide ballot measures in six states. One of the most closely watched: Colorado’s proposed 25 percent tax on recreational pot—which the state legalized in 2012—to pay for school construction. The Colorado Legislative Council calculates it will bring $70 million in revenue in 2014. Voters overwhelmingly approved it.
