Colorado Hits Another Cannabis Milestone With Half A Billion In Tax Revenue

 

Colorado began sales of adult use marijuana on January 1, 2014, and a myriad of taxes and fees has boosted state coffers by a total of $506 million through May 31, according to a report from VS Strategies.

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The Colorado Department of Revenue also reported that combined medical and recreational marijuana sales in the month of May were $127.7 million – making this the twelfth month in a row in which sales have gone over $100 million. Since the beginning of the year, the industry has delivered $620 million in sales with $95 million going into the state’s coffers.

Read the entire article by Debra Borchardt at Forbes

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