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The Cannabis Catch-Up: Colorado’s Weed Tax Revenue Surpasses $1 Billion

It only took Colorado 10 months to pass $1 billion in legal cannabis sales in 2016, one year after the state came up just shy of that milestone revenue figure. With two months left in 2016, The Denver Post also notes that the state’s legal marijuana market could hit $1.3 billion for the year, which would.

The company projects that “as companies rush to capitalize on the cannabis craze,” revenue will increase 31.6% each year for the next four years, stretching to $18.2 billion. unlikely to catch up.

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Revenue is expected to increase significantly starting next year when the state rolls out five new licenses for marijuana businesses including dispensaries. The state will collect a 3 percent excise.

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Total marijuana sales within Colorado have passed $6.56billion since legalization, with the state collecting more than $1.02billion in taxes, licenses and fees, the state’s Department of.

New Jersey joined the growing list of states with medical marijuana programs. to join states like Colorado that have legalized recreational use of pot. In fact, it’s part of how he plans to shore.

The Colorado Department of Revenue announced Thursday the state’s marijuana sales had pushed past $1 billion in 2016 and the state pulled in nearly Hopefully this will be a wake-up call for the 42 states that still choose to force marijuana sales into the criminal market and forego millions of dollars.

Leaked data from the survey found that less than 1% of Brazilians reported ever using crack cocaine — the main focus of the government’s drug war. Colorado Hits $1 Billion in Marijuana Tax Revenues..

In Colorado and Washington. they would create a $1.66 billion retail industry. assuming pennsylvania taxed the growth, cultivation and sale of marijuana at 35 percent, the state would collect.

Norman Birenbaum, the state’s chief medical marijuana regulator, said his biggest concern is state political leaders "scrambling" to catch up with the current. the state benefits from the.

Colorado, the first state to permit no-questions-asked marijuana sales to adults, reported $193.6 The state of 7.3 million people reported $315 million in marijuana tax revenue in the year ended "When you ramp up taxes too quickly or start them too high, you provide an opportunity for the illegal.

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