Colorado to Make $184 Million in Taxes from Recreational Cannabis in First 18 Months

A new report released by Colorado’s Joint Budget Committee has projected that the state will make over $180 million in taxes during the first 18 months of legal recreational cannabis sales.money2 The committee estimates revenue of about $610 million from retail and medical cannabis from January 1st of this year, to June 30th, 2015.

Recreational cannabis sales began in Colorado on January 1st; sales exceeded $5 million in the first week. 

Read moreColorado to Make $184 Million in Taxes from Recreational Cannabis in First 18 Months