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…

Colorado Raises $150 Million From Marijuana. Will More States Legalize?

"The big lesson we tell other states is you probably shouldn't legalize marijuana if you want to make money – that's not why you do it,"

COLORADO: Colorado has brought in more than $150 million in marijuana tax revenue, according to official state data. That doesn’t make it a budgetary panacea, warn lawmakers. “The big lesson we tell other states is you probably shouldn’t legalize marijuana if you want to make money – that’s not why you do it,” said J. Skyler McKinley, deputy Read the full article…

3 Cities Sue Adams County Over Recreational Pot Taxes

Three suburban Denver cities are suing Adams County to stop it from collecting taxes from recreational marijuana businesses already being taxed by the cities and the state.

COLORADO:  Three suburban Denver cities are suing Adams County to stop it from collecting taxes from recreational marijuana businesses already being taxed by the cities and the state. The lawsuit filed this week argues Adams County shouldn’t get tax revenue because it doesn’t have a regulatory system for recreational pot sales like the cities that Read the full article…

Medical Marijuana Tax Revenues Are Small, But Growing

Marijuana enforcement officials are beginning undercover sting operations to make sure legal pot stores aren't selling to minors.

MAINE:  Maine’s medical marijuana industry accounted for up to $75 million in sales and generated as much as much as $5 million in tax revenue for the state last year. The numbers are small but experts and lawmakers say they are expected to grow, especially if Maine joins other states and legalizes recreational pot use. Read the full article…

$694 Million Expected In Washington State Pot Tax Revenue Through 2019

As of this week, revenue from total sales of recreational marijuana totaled more than $40 million, with the state receiving more than $10 million in excise taxes.

WASHINGTON:  Washington’s legal recreational marijuana market is bringing in more tax revenue to the state than originally predicted, state officials said Wednesday.The most recent revenue forecast released by the Economic and Revenue Forecast Council shows that the industry is expected to bring in more than $694 million in state revenue through the middle of 2019. Read the full article…

Colorado Is Using Tax Revenue From Marijuana Sales To Fund Substance Abuse Programs In Schools

The state announced 11 school districts that applied for grants would receive nearly $1 million in funding from marijuana tax revenues, with the state promising more than $1.5 million to future applicants.

COLORADO:  Colorado has started distributing the tax revenue collected from the sale of legalized marijuana and funneling it back out into public programs aimed at preventing, treating, and regulating pot use. The state announced last week that 11 school districts that had applied for grants would receive nearly $1 million in funding from marijuana tax revenues, with Read the full article…

Marijuana To Boost Washington State Tax Revenue By $25M In The Next Year

$404 million is expected for 2017-19 WA budget biennium.

WASHINGTON:  Legal marijuana could boost Washington state’s tax revenue by $25 million by next July, with an estimated $200 million increase by mid-2017, according to state economists. The first available data on taxes and fees the state can expect from legalized recreational marijuana were released on Thursday, and the state’s budget outlooks has improved, economist Steve Read the full article…

Illinois Towns See Jobs Ahead In Medical Marijuana

Illinois towns see jobs and tax revenue ahead in medical marijuana.

ILLINOIS:  The prospect of adding jobs — even as few as 30 — has led officials in many shrinking Illinois’ communities to set aside any qualms about the state’s legalization of medical marijuana and to get friendly with would-be growers. The aspiring growers and their agents have been racing from town to town, shaking hands Read the full article…

Marijuana Taxes in Colorado — An Early Clue

January collections will tell us next to nothing about what other states can expect, and only a little about Colorado.

COLORADO: Across America, lawmakers are eyeing tax revenue from legalized marijuana. Colorado and Washington are each officially expecting over $100 million annually in marijuana excise taxes. In a few days, the Colorado Department of Revenue is due to report how much marijuana tax was paid there for January, the first full month of recreational sales anywhere ever. But the report Read the full article…