Colorado surpasses $1B in pot tax income since legalization – Top Style Today

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DENVER (AP) – Colorado has surpassed $1 billion in tax revenue from marijuana sales since recreational use of the drug was legalized in 2014. The Colorado Department of Revenue says sales since.

DENVER – Colorado has surpassed $1 billion in tax income from marijuana gross sales since leisure use of the drug was legalized in 2014. The Colorado Division of Income says gross sales since legalization have topped $6.5 billion, producing $1.02 billion from taxes, licenses and charges. The state has greater than 2,900 licensed marijuana companies [.]

– DENVER – Colorado has surpassed $1 billion in tax income from marijuana gross sales since leisure use of the drug was legalized in 2014. The Colorado Division of Income says gross sales since legalization have topped $6.5 billion, producing $1.02 billion from taxes, licenses and charges.

The Colorado Department of Revenue says sales since legalization have topped $6.5 billion, generating $1.02 billion from taxes, licenses and fees.

The Post supports legalizing marijuana and regulating and taxing it like alcohol, and so do I. The drug war is a goof and you’ve heard the arguments. But using the medical-marijuana law as a back-door.

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Since opening sales up for recreational use 20 months ago, Colorado has collected $123 million in cannabis-related taxes. But marijuana sales and possession are still federally illegal, which stunted.

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 · Last year, Colorado surpassed half a billion dollars in taxes and fees since it legalized recreational marijuana use. Think how tempting that will be to New York , which faces a potential $4.

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Colorado: Over $25 Million in Marijuana Revenue Since Legalization. And in the first three months of this year alone, Colorado’s raked in nearly $22 million – over $16 million of that was in taxes, the rest in license and application fees – according to a report from the Colorado Department of Revenue.

It only took Colorado 10 months to pass $1 billion in legal cannabis sales in 2016, one year after the state came up just shy of that milestone revenue figure.