Colorado passes $1 billion in marijuana state revenue – Fasti News

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Voters decided in favor of legalizing marijuana for adult recreational use, the first state in the Midwest to do so. Michigan celebrates after Proposal 1 passes, legalizing marijuana. The industry has exploded in recent years with $9.7 billion in sales in 2017 that are expected to grow to $23 billion by.

Maine marijuana news and information. The Colorado Department of Revenue recently released data compiled at the end of October showing $1.1 billion in year-to-date sales. Colorado retail marijuana sales have the potential to pass sales totals from 2014 and 2015 combined, according to.

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Colorado passes $1 billion in marijuana state revenues Colorado has now racked up more than $1 billion in total state revenue of legal marijuana industry. That’s yet another milestone for the state.

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The total includes over $1 billion in medical marijuana sales in California, nearly $1 billion in legal marijuana sales in Colorado, and more than a half-billion dollars in sales in Washington state ..

The marijuana industry is turning into one of the most lucrative businesses for states around the USA, as Colorado reaches almost $1 billion in To give an indication of tax revenue for the state, last year Colorado’s state government raked in $135 million. In 2014, that number was 78% lower at $76 million.

New Hampshire marijuana news and information. Colorado’s marijuana market continues to break monthly sales records and is also on track to break another record by generating over $1 billion in sales this year. State records reveal that $127.8 million in – combined recreational and medical.

Property taxes, state aid to schools. Recreational and medical marijuana sales in Colorado now stand at about $1.5 billion a year, producing roughly $250 million in revenue. A proposed.

Marijuana businesses in Colorado, which voted to legalize the drug recreationally in 2012, reported roughly $1.1 billion in legal sales of medical and recreational marijuana and related products this year through the month of October, according to the latest batch of tax data from the state’s Department of.

Colorado has generated more than $1 billion in marijuana tax and licensing fee revenue this year. That’s a 1,405% increase since 2014, when it collected $67 million in taxes and fees. 2014 is also the year the Colorado Department of Revenue began reporting tax collection data.