Colorado surpasses $1B in pot tax income since legalization – Latest News and Movies

Colorado pot revenue surpasses $1B, but where does all that money go? COLORADO, USA – Colorado surpassed $1 billion in marijuana revenue since adult-use marijuana gross sales began in 2014, in accordance with the Colorado Department of Revenue (CDOR)’s monthly report for marijuana gross sales and income knowledge.

Colorado has surpassed $1 billion in tax revenue from marijuana sales since recreational use of the drug was legalized in 2014. Colorado surpasses $1B in pot tax revenue since legalization | The.

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Ontario to issue 50 new cannabis store licences, seven to go to east region.. Ottawa's annual rate of inflation stays at 1.7% despite carbon tax pressure. more people are using cannabis since the legalization of recreational pot last fall and Canadians. Linton expects Canopy Growth to hit revenues of $1B in fiscal 2020.

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Colorado marijuana revenue surpasses $500 million. The report shows that the taxes and fees generated by the sales have continued to increase in Colorado. In 2014, sales totaled $76 million. It went up to $135 million in 2015 and $198 million in 2016. Through May 2017, sales have already totaled around $96 million,

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Colorado marijuana sales continue to hit new milestones, $1 billion mark in 2016 until after the end of October, according to DOR tax-revenue data;. According to a recent study, some of that steady growth could be the result of. have legalized recreational marijuana how much money they spend each.

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