Reefer Madness Could Bring Big Bucks
by Jacob Jedamus-Denu on Feb 18, 2014 | Views: 1386 | Score: 10
| Generated tax in Colorado | |
|---|---|
| Alcoholic beverages in 2013 | 39.9 |
| Cigarettes in 2013 | 165.5 |
| Marijuana (estimation for 2014) | 67 |
$ in millions
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by Jacob Jedamus-Denu on Feb 18, 2014 | Views: 1386 | Score: 10
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The generated tax from marijuana in Colorado could be massive according to a recent NBC survey. NBC spoke to 18 of the 35 currently licensed recreational marijuana retailers in Colorado and concluded that those surveyed yielded $1.24 million in taxes for the month of January 2014. Some of those establishments had only sold marijuana for four days.