Colorado: Over $25 Million in Marijuana Revenue Since Legalization

[RainDog]

http://www.thedailychronic.net/2014/32018/colorado-over-25-million-in-marijuana-revenue-since-legalization/

Marijuana has already generated Colorado nearly $25 million in revenue since legalization, between taxes, licenses, and fees.

And in the first three months of this year alone, Colorado’s raked in nearly $22 million — over $16 million of that was in taxes, the rest in license and application fees — according to a report from the Colorado Department of Revenue.

...the tax revenue so far continues to climb month to month, as recreational sales jumped to $19 million in March — up nearly a third from $14 million in February.

...In a report issued in February, Gov. John Hickenlooper (D) predicted a combined $1 billion dollars in sales between medical and recreational cannabis, and estimated the state could stand to bank up to $134 million in taxes and fees during 2014-15 fiscal year.