At least $1.2 million in taxes raised from Colo. marijuana industry

marijuana-legalizationMarijuana Business Daily

During the first month of Colorado’s recreational marijuana economy, businesses there have contributed at least $1.24 million in tax revenue to state coffers.

The dollar figure comes from an NBC News survey of recreational marijuana retail stores in Colorado. Of the 35 retail businesses that opened on Jan. 1, 18 provided tax numbers to NBC.

Based on the NBC data, the full tax collection in Colorado during January could be in the $2.3 million to $3 million range. That estimate would put Colorado’s total recreational marijuana sales in the $8-10 million range for January.

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