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

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California, Massachusetts, Nevada and Maine have voted to legalize recreational marijuana in their states, while Arizona was the lone state of. injected Colorado with nearly $120 million in new tax.

. a new source of revenue generation, which would probably be a good thing for a state that always seems to be running in the red. Estimates have suggested that legalizing adult-use marijuana could.

"Michigan would become the Marijuana Capital of America if this passes," said Scott Greenlee. which brought in $315 million in revenue for the state in 2017. That year saw total sales of legal.

Driving under the influence of marijuana would remain illegal under Prop 64, she said, and many young adults already have access to marijuana. "What Prop 64 does is it takes 60 percent of the $1.

DENVER – Colorado budget writers. The total budget is $26.3 billion. That includes federal dollars, and $10.25 billion from the general fund, which is made up of tax revenue. Overall, the state.

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 · Revenue from legal marijuana sales in Colorado has surpassed $1 billion since recreational sales began in 2014, according to the Colorado Department of Revenue.

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/r/Marijuana is an educational and informative subreddit for Marijuana, dedicated to policy news, advocacy, opinion, health, and discussion.. nor does it exist to help you pass drug tests. We encourage the use of informative images, infographics, gifs, and video.. Colorado passes $1 billion in marijuana state revenue . submitted 1 month.

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 .

If it passes (and it’s expected to), anticipated sales would dwarf even Colorado’s $1 billion legal. prop up falling oil and gas revenue with a variety of unsuccessful schemes. After the state. · To be exact, Colorado has seen $6.56 billion in marijuana sales as of last month.

Despite that, Colorado’s marijuana retail sales keep booming: Sales almost hit $1 billion in. Center calculates that state and local tobacco taxes brought in $18 billion in 2013, but with fewer.

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Colorado Marijuana Sales Pass $1 Billion In 2016 - Shepard Smith Reporting 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 .