(DENVER) — New numbers out show Colorado is making big bucks off recreational pot.
In the first accounting of the recreational pot industry anywhere in the world, it was revealed Colorado made around $2 million in marijuana taxes in January alone. The revenue comes from a 12.9 percent sales tax and a 15 percent excise tax on legal weed.
“The first month of sales for recreational marijuana fell in line with expectations,” said Barbara Brohl, Executive Director of the Department of Revenue. “We expect clear revenue patterns will emerge by April and plan to incorporate this data into future forecasts.”
The Department of Revenue indicates $14 million of legal recreational pot was sold in Colorado, where marijuana was legalized in 2012. The commercial sale of marijuana didn’t begin in Colorado until January.
Copyright 2014 ABC News Radio
Lois M. Collins, Deseret News