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Posted | by Jeremy Hanlin

Colorado's marijuana tax revenues nearly double last year's figures

  • State brought in nearly $73.5m in the first seven months of 2015
  • Colorado on pace to take in $125m, compared to just $44m last year

Legal marijuana tax revenues have been breaking records in Colorado this summer, nearly doubling monthly numbers from last year and on pace to exceed projections of legal sales that bring revenue back to the state.

Through the first seven months of this year, Colorado has brought in nearly$73.5m, putting the state on pace to collect over $125m for the year.

In 2014, experts predicted legal cannabis would bring in upwards of $70m to the state’s tax coffers. In reality, the state collected just $44m in marijuana taxes.

READ MORE Via the Guardian


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