Colorado Gets $2 Million in First Month of New Pot Taxes
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The first month of recreational marijuana sales in Colorado brought in about $2 million in tax revenue, the first indicator of the earning potential of the U.S.’s premier legal pot market.
The January figure for retail sales was more than twice the $900,000 in taxes on medical marijuana, which has been legal since 2000. The long-awaited figures, released yesterday, were in line with what state officials said they expected as marijuana emerged from prohibition in Colorado.