Home»Business»Colorado’s marijuana tax revenues soar as reflection of booming industry

Colorado’s marijuana tax revenues soar as reflection of booming industry

olorado’s marijuana market boomed in April as tens of thousands celebrated the once-underground 4/20 pot holiday.

Tax collections released Monday showed that Colorado sold about $22 million worth of recreational pot in April. That’s an increase of about 17 percent from March and an increase of about 58 percent from January, the first month of retail sales.

An estimate from the Colorado Department of Revenue showed that Colorado made about $5.3 million from medical and recreational pot taxes and fees in April. That’s up from about $5 million in March.

Read more: http://www.thedailychronic.net/2014/33295/colorados-marijuana-tax-revenues-soar-reflect-booming-industry/

Stay up to date with the latest business and general cannabis news from across Texas by liking Texas Cannabis Report on Facebook and following on Twitter

Listen to our podcast at txcann.podomatic.com

The following two tabs change content below.

Stephen Carter

Stephen Carter is a journalist and information technology specialist living in Waco, Texas. He has been working with the cannabis movement since 2009. He founded Texas Cannabis Report in 2013 to bring Texans accurate cannabis related news.

Latest posts by Stephen Carter (see all)



Previous post

Cannabis events in Texas for June 2014

Next post

Jamaica to reduce penalty for marijuana possession to a fine

1 Comment

  1. June 17, 2014 at 10:14 pm

    Reblogged this on Unchain The Tree.