Recreational cannabis sales began in January of 2014 in the state of Colorado. Over the course of 2014, the state collected roughly $76 million in marijuana taxes, an impressive amount. But the taxes collected this year are on pace to dwarf last year’s number by quite a bit.
Estimates have this year’s taxes from marijuana in Colorado exceeding $125 million thanks to an almost 28% tax rate when you add up the rates from all the levels of taxation. It’s a rate that is much higher than alcohol or cigarettes.
Read the rest of the article at The Smoking Bud!