Colorado Pot Tax Brings $2.3M to Schools

Colorado Pot Tax Brings $2.3M to SchoolsColorado marijuana sales reached an all-time high in January, bringing with it excise taxes totaling a whopping $2.35 million designated for public schools. Recreational marijuana sales jumped to around $36.4 million, up from $14.69 million a year ago, according to data from the Colorado Department of Revenue. β€œThis is really what we expected and hope to see: a shift in the underground market to a regulated market,” legalization advocate Mason Tvert said. β€œIt’s clearly generating significant revenue for the state.”

source: [DenverPost]