Colorado passes $1 billion in marijuana state revenue – Fasti News

Colorado passes $1 billion in marijuana state revenue – Fasti News

U.S. Economy | Top News. Colorado passes $1B in marijuana revenue. colorado has now generated more than $1B in total state revenue from the marijuana industry, another milestone for It’s creating tens of thousands of jobs, tax revenue for the state, filling up buildings for landlords and.

Indiana marijuana news and information. The first 10 months of 2016 proved to be profitable for Colorado’s legal marijuana market as sales have officially surpassed $1 billion. Colorado retail marijuana sales have the potential to pass sales totals from 2014 and 2015 combined, according to The Denver Post. Attorney Christian Sederberg said, "We think we’ll see $1.3 billion in sales revenue this year.

It only took Colorado 10 months to pass $1 billion in legal cannabis sales in 2016, one year after the state came up just shy of that milestone revenue figure. marijuana businesses in Colorado, which voted to legalize the drug recreationally in 2012, reported roughly.

Colorado has become the first state to reach over $1 billion in legal, regulated annual cannabis sales, generating more than $150 million in tax revenue for the Sederberg was instrumental in passing the initiative that legalized adult use marijuana in Colorado.

“She was sold, embalmed and shipped out:’ Funeral home accused of doubling as body parts broker A Colorado funeral home has been shut down by regulators after claims that it secretly sold body parts in the hours after death. The FBI is now investigating Megan Hess, the owner of Sunset Mesa Funeral Home in Montrose, and her parents.

The total includes over $1 billion in medical marijuana sales in California, nearly $1 billion in legal marijuana sales in Colorado, and more than a half-billion dollars in sales in Washington state ..

Ballot Question 2 would not only allow Nevadans age 21 and older to have easier access to pot, it could provide more than $1.1 billion in tax revenue. state marijuana facilities. That money went.

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This is how legal marijuana changed Colorado and could change Michigan Colorado’s marijuana market recently reached another milestone. A statement from the Colorado Department of Revenue published last Wednesday reveals that the state has collected more than $1 billion in revenue from taxes collected on marijuana products since the start of its recreational.

California, Massachusetts, Nevada and Maine have voted to legalize recreational marijuana in their states, while Arizona was the lone state of. injected Colorado with nearly $120 million in new tax.

Main News Releases Location United States Colorado: Marijuana Sales Denver, CO: Retail sales of marijuana in Colorado totaled well over $1 billion in the Cannabis sales in 2016 have yielded an estimated $151 million in tax revenue to date.

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