It’s a pretty extraordinary milestone, and an indicator of just how financially strong the legal marijuana market has become.
In a little more than five years since becoming the first state to legalize recreational cannabis, Colorado says it’s gone past the $1 billion mark in marijuana tax revenue.
According to the Colorado Department of Revenue (CDOR), the state has brought in just over $1.02 billion from marijuana taxes, licensing and fees since legal sales began on January 1, 2014. And to date, cannabis sales in the Centennial State have exceeded $6.56 billion.
Those numbers just keep rising. Colorado dispensaries reportedly sold more than $114.3 million in adult-use cannabis products this past March, a new monthly record.
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10 comments:
have the schools gotten better? Has crime been reduced? Has homelessness been reduced? No. The reason is, if you give the government $1 billion they will waste it and not accomplish anything
Cocaine will be next / as long as Govt gets the $$$$ !!!
I sure hope so ... there’s a need for EVERYTHING in moderation......
Everything is good when the government gets the big part of the cash
All is good
MJ prices keep falling in CO. The market is oversupplied.
I know it's been coined and the great John Denver even sang about it...Rocky Mountain High, Colorado. This worm too will turn when CDC comes out with hard evidence of the ill effects of regular use of cannabis. By the way, has the Hostess Twinkie business gone through the roof proportionally?
8:54 Of course not, becasue they just tell you morons it is for the kids and you get all heart felt dumb and believe anything your told...
8:54- True. However, even worse is that kids, including babies are overdosing on parents' weed. What did you CO lawmakers think parents would do, keep it locked away? Duh.
June 20, 2019 at 8:54 PM
You know what Colorado is not wasting money on?
Investigating, arresting, trying, incarcerating, and imprisoning people for weed. No more tax dollars spent on a victim-less crime.
Tax dollars HAVE gone to fund scholarships for underprivileged, and to build homeless shelters, some has gone to the department of agriculture, some money has gone to grants for school health professionals, early literacy programs and dropout and bullying prevention.
In the big scheme of things, the taxes collected from weed make up less than 1% of of the budget for Colorado. None the less, it has made a positive impact on their economy, and the rest of America should pay attention.
Well, as long as MD is the last to capitalize and only catches the end of the wealth, basically nothing, it's great. Not.
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