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It's No Toke: Colorado Pulls In Millions In Marijuana Tax Revenue

wochit news
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March 11, 2014 AT 5:18 AM
They say crime pays? Not exactly. Legalize a former crime and tax it and it really pays. Just ask Colorado. Perhaps not so awkwardly labeled the “Highest State,” Colorado pulled in $2 million in taxes related to the sale of recreational marijuana…in January 2014 alone. Combined with taxes on sales from medicinal marijuana, the state pulled in nearly $3.5 million in pot-related tax revenue. If that trend continues, the state will see more than $40 million in additional tax dollars in 2014.