Thieving Colorado's 2014 taxes on recreational pot come in at $44M

DENVER (AP) — Colorado finally learned Tuesday how much tax revenue it collected from recreational marijuana in the first year of sales, and the haul was below estimates — about $44 million.
The release of December sales taxes gave Colorado its first full calendar year of the taxes from recreational pot sales, which began Jan. 1, 2014.
Colorado was the first government anywhere in the world to regulate marijuana production and sale, so other governments are watching closely. In Washington, where legal pot sales began in July, the state had hauled in about $16.4 million in marijuana excise taxes by the end of the year; through November, it brought in an additional $6.3 million in state and local sales and business taxes.
Colorado's total haul from marijuana for 2014 was about $76 million. That includes fees on the industry, plus pre-existing sales taxes on medical marijuana products. The $44 million represents only new taxes on recreational pot.
Those new taxes were initially forecast to bring in about $70 million.

http://www.cnsnews.com/news/article/colorados-2014-taxes-recreational-pot-come-44m

Thieving Colorado's 2014 taxes on recreational pot come in at $44M

Thieving Colorado's 2014 taxes on recreational pot come in at $44M

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