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…

Colorado’s Marijuana Tax Revenues Nearly Double Last Year’s Figures

Can weed fix the US Economy?

COLORADO: Legal marijuana tax revenues have been breaking records in Colorado this summer, nearly doubling monthly numbers from last year and on pace to exceed projections of legal sales that bring revenue back to the state. Through the first seven months of this year, Colorado has brought in nearly $73.5m, putting the state on pace to collect over Read the full article…