Stoners are sparking up Colorado's tax revenue
One of the first states to legalize recreational marijuana, Colorado has had a banner year in pot sales. Since January 2014, legal marijuana dispensaries have sold well over $240 million worth of the legalized drug
The legalization also came with an approved caveat. The first $40 million "generated by the state excise tax" will be put toward school construction, according to the Denver Post. As of now, between January and October 2014, the state has made about $60.1 million in taxes, licenses and fees for medical and recreational marijuana. Though those are the only reported figures thus far, the state could see much higher results after collecting November and December taxes. Read more...
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