1-minute ballot guide: Denver measure 300 wants higher pot taxes for pandemic research

• Ballot measure 300 asks voters to increase taxes on retail marijuana sales by 1.5% to 12.91%.
• It says it will generate $7 million, but a city analysis shows it's actually $10 million a year increasing to $12 million by 2026.

By the numbers: Denver has among the highest cannabis taxes of any locality, and the total tax would increase to 33% if the measure is approved.

The spending: The money would fund pandemic preparedness and recovery research at the University of Colorado Denver City Center. But a CU spokesperson told Westword the school did not put forward the ballot measure and hadn't taken a position on it.

• 75% of the spending would be limited to research into personal protective equipment, disinfectant technology and design of public spaces.

Who's behind the measure: Guarding Against Pandemics, a dark-money nonprofit that doesn't disclose its donors, put the measure on the ballot and so far refuses to answer detailed questions.

• The group's only major public backer is a 29-year-old cryptocurrency billionaire and contributor to President Biden's campaign.

Go deeper: Denver pot taxes are high. Two ballot measures would increase them.