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Colorado Just Hit the $1 Billion Mark in Cannabis Tax Revenue - Cannabis News
It’s a pretty extraordinary milestone, and an indicator of just how financially strong the legal marijuana market has become.
In a little more than five years since becoming the first state to legalize recreational cannabis, Colorado says it’s gone past the $1 billion mark in marijuana tax revenue.
According to the Colorado Department of Revenue (CDOR), the state has brought in just over $1.02 billion from marijuana taxes, licensing and fees since legal sales began on January 1, 2014.
And to date, cannabis sales in the Centennial State have exceeded $6.56 billion.
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Bruce Kennedy ~ Leafly.com ~
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