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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/

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Stephen Carter

Stephen Carter is a 30 year old 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.

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  1. June 17, 2014 at 10:14 pm

    Reblogged this on Unchain The Tree.