Colorado collects $2.2 billion in marijuana tax revenue last decade
- Cannabis News
- Cannabutter Digest
DENVER, CO – A decade has past since Colorado legalized marijuana and the state has collected $2.2 billion in tax revenue since then.
The $2.2 billion tax revenue is based on $13.4 billion in marijuana sales in the state over the last ten years, according to 9NEWS.
This tax revenue has gone to help public schools as well as been deposited into Colorado’s marijuana fund. The fund is meant to be spent in multiple areas throughout the state. Some of those areas are health care, substance abuse prevention and treatment programs, and law enforcement.
Those behind the movement to legalize marijuana back in 2012 feel this shows the movement was a huge success. They also feel this should translate to Colorado being an example for other states that have just passed or are looking to pass legalizing marijuana.
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