Colorado Made $3.5M From Pot in Jan.


pot-moneyThe grass is greener in Colorado. According to figures released Monday by the Department of Revenue, the state collected more than $3.5 million in taxes and fees from marijuana sales in January, when it was legalized. More than $2 million came from recreational pot, the rest from medicinal marijuana.

Fifty-nine businesses filed a tax return for recreational pot in January, but by mid-February Colorado had 163 retail stores. Voters had approved a 15 percent excise tax on producers and a 10 percent special sales tax on consumers.

Gov. John Hickenlooper predicted that total pot sales would reach $610 million next fiscal year, and that revenue from taxes and fees would reach $98 million-above earlier estimates of $70 million. Read more at USA Today.

{Andy Newscenter}


  1. Blowing smoke has pay off. But really, who wants to be snuffed out by their own ignorance just to fill the coffers of the state? It is a dream of the poorer in spirit and not the holier in form. To smoke pot is to assume you have no forum for your mind. And I for one do not wish to be in the urge of poverty for my own future. No thanks.

  2. Lets be real. Everyone everywhere is doing pot. So let the Governmrnt make a few dollars to pay for welfare and such other ‘freebies’.
    Whats so bad.