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Colorado marijuana tax revenues Colorado's record February pot sales yield $2.1

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(@uruk-high)
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Topic starter   [#2978]

Record sales?… 2+ million for the school system, verifiable medical benefits, and no increase in crime or social breakdown since legalization – are you paying attention feds? :sly:

http://www.denverpost.com/marijuana/ci_27892166/recreational-pot-sales-set-record-39-2m-feb

Colorado sold a record amount of recreational marijuana in February 2015, according to data released by the state Friday.

Around $39.2 million of recreational cannabis was sold in state shops in February, according to calculations based on data provided by the state Department of Revenue. The previous monthly record for recreational sales was $36.4 million in January.

Experts say much of that growth comes from additional shops opening in new recreational cities, including Aurora, Colorado’s third-most-populous city. Aurora started selling retail pot in October.

Colorado’s total medical marijuana sales in February added up to about $29.3 million, up more than $1 million from the previous month. The record for medical marijuana sales in Colorado’s recreational era, which started Jan. 1, 2014, came in February 2014, when $36 million of medical pot was sold.

Another important indicator in Colorado’s complex pot taxes is the amount dedicated for public schools, and in February that total was more than $2 million for the second consecutive month. In January, the excise tax on wholesale marijuana transfers raised more than $2.3 million for schools, and in February it totaled $2.1 million.

The monthly excise taxes earmarked for school construction capital never topped $2 million in 2014, the first year of recreational pot sales in Colorado.

In 2014, Colorado sold nearly $700 million of pot. Projections based on the first two months of 2015’s recreational and medical numbers suggest that Colorado will sell more marijuana, and collect more in pot-related taxes, in 2015 than it did in 2014.

C’mon, feds – be like the Nike and Just Do It! :horns up

:weedspin :weedspin :weedspin



   
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