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Colorado Governor: Legal Marijuana Market is Exceeding Tax Expectations
February 20, 2014
DENVER (AP) Colorado's legal marijuana market is far exceeding tax expectations, according to a budget proposal released Wednesday by Gov. John Hickenlooper that gives the first official estimate of how much the state expects to make from pot taxes.
The proposal outlines plans to spend some $99 million next fiscal year on substance abuse prevention, youth marijuana use prevention and other priorities. The money would come from a statewide 12.9 percent sales tax on recreational pot. Colorado's total pot sales next fiscal year were estimated to be about $610 million.
Source: AP. Read full article. (link)
Colorado Governor: Legal Marijuana Market is Exceeding Tax Expectations - Reason 24/7 : Reason.com
February 20, 2014
DENVER (AP) Colorado's legal marijuana market is far exceeding tax expectations, according to a budget proposal released Wednesday by Gov. John Hickenlooper that gives the first official estimate of how much the state expects to make from pot taxes.
The proposal outlines plans to spend some $99 million next fiscal year on substance abuse prevention, youth marijuana use prevention and other priorities. The money would come from a statewide 12.9 percent sales tax on recreational pot. Colorado's total pot sales next fiscal year were estimated to be about $610 million.
Source: AP. Read full article. (link)
Colorado Governor: Legal Marijuana Market is Exceeding Tax Expectations - Reason 24/7 : Reason.com