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Colorado makes millions in pot taxes

  • Colorado made about $2M in marijuana taxes, which state revenue officials mentioned is the first accounting for a recreational pot business. Reports indicate that a total of $14.2M worth of pot was sold. 

    Marijuana was legalized in the region in 2012 but commercial sale began only in January. Voters declared that the first $40M of the tax would go toward school construction and the rest would be used by state lawmakers. 

    The industry is expected to be volatile for a few years so lawmakers are nervous about the way they're going to spend the money. 

    Tagged as: colorado marijuana, pot business colorado, colorado, money news, business news