Colorado: Tax Revenues From The Legal Cannabis Industry Surpasses Half-Billion Dollars

The half-billion dollar total far exceeds initial projections. Tax revenue from legal cannabis sales in Oregon and Washington have also exceeded regulator's initial expectations

COLORADO: Revenues from Colorado’s legal cannabis industry have surpassed over a half-billion dollars since retail sales began on January 1, 2014. According to an analysis by VS Strategies, cannabis-specific taxes and fees have yielded $506,143,635 in state revenue over the past three and one-half years. (Local tax revenue was excluded from the analysis.) Much of the revenue raised has gone Read the full article…