Colorado Pot Sales Soar To Record In January, Bringing $2.3 Million For Schools

COLORADO:  Colorado pot businesses sold a record amount of marijuana in January, resulting in an excise tax of $2.3 million designated for public schools, state officials said Wednesday.

The numbers, reported by the Colorado Department of Revenue, show that January’s school-designated pot sales tax is more than 10 times the amount in January 2014, when the state first collected the tax.

From December to January, the school tax sum jumped up about 21 percent, from $1.9 million to $2.3 million. In January 2014, the state collected $195,318 in taxes allotted for school construction capital.

In total, the amount of taxes, licenses and fees stemming from medical and recreational marijuana sales amounts to $8.8 million this January.

Read full article @ Denver Post