Colorado Collects More Than $20 Million From Marijuana Sales

Statewide pot-supply shortages slowed the edibles’ arrival, but manufacturers also were stifled by emergency regulations from the state Liquor Control Board, which has taken a cautious approach to opening the marketplace.

COLORADO:  Colorado raked in nearly $22 million from marijuana taxes, licenses and fees in the first three months of recreational pot sales, according to state Department of Revenue data released Thursday.

Sales of recreational marijuana were nearly $19 million in March, up nearly one-third from about $14 million in February, according to state figures.

The state has reaped $7.3 million from recreational marijuana taxes alone in the first three months since the first legal sales began on Jan.1.

Despite the historic law, medical marijuana — legal in Colorado for years — continues to vastly outsell recreational pot. March medical marijuana sales were about $34 million.

Read full article @ Huffington Post

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