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Video: Colorado Raises $2M in First Month of Marijuana Taxes

March 11, 2014  | 

VIDEO: Colorado Raises $2M in First Month of Marijuana Taxes

The first tax figures for the first state in the nation to legalize retail marijuana shows the drug brought in $3.5 million in taxes and fees for Colorado in January, reports KUSA-TV.

Of that, $2.1 million came from recreational marijuana and the remaining $1.4 million from medical marijuana.

The report provides the first concrete proof of what pro-marijuana advocates had promised, that growing and selling the drug locally would generate economic activity here rather than sending drug money out-of-state, and that the drug could provide a windfall to the state government.

The governor's proposal also includes $5 million for law enforcement and regulatory oversight, though police agencies in Colorado say they'd like to see more funding to offset the extra workload of enforcing the state's marijuana laws.

Comments (14)

Displaying 1 - 14 of 14

Wrong Direction @ 3/12/2014 3:31 AM

Congratulations Colorado, you now are officially drug dealers…………. Spend your dope money wisely.

Schick @ 3/12/2014 3:42 AM

With good record keeping, it should make it easier for the feds to confiscate the proceeds. Does the forfeiture laws cover other "property" like a whole state?

mike @ 3/12/2014 6:00 AM

Just think how much more in taxes the state of Colorado could have raised if cocaine, heroin and methamphetamine were legal and state-sanctioned!

Wrong Direction @ 3/12/2014 6:44 AM

Mike good idea. Hell lets legalize prostitution and gambling too. I’m sure they are cash cows as well. Oh who are we kidding? Let’s just forget laws and make the whole state one big criminal enterprise. Then the state could really get rich. It’s shocking that they seem to be proud of the fact that they are making money by selling their citizens mind altering drugs. Is this really what the government of Colorado wants?

Dan @ 3/12/2014 8:42 AM

Thanks all of you. Your posts show that you live in an outdated age. You are relics of a society we are trying to forget. Let me guess, you also think marriage is between a man and a woman and you would prefer to bring sodomy laws back. You believe the missionary position is the only "god" ordained way to have sex.

You may reply about your education, training and experience, but you are still ignorant.

Very, very ignorant.

Lenny @ 3/12/2014 4:20 PM

Utterly stupid comments (first4) by those who have absolutely no idea, and no wish to even try to understand. You are so afraid that all that wonderful money you all get for the "war on drugs" is about to run out. And your ability to profile, harras, and steal will be severely curtailed if this pattern continues, and WE will need/want a whole lot less of you. By the way the every government is already a drug dealer with many drugs far more dangerous than pot.

mike @ 3/13/2014 5:25 AM

Who are these pro-dope morons commenting on a law enforcement site? Maybe you should stick to" High Times" magazine and quit spewing your pro-drug ravings on a forum dedicated to law enforcement officers. "Dan" is obviously a under-employed hermit living in his mom's basement and "Lenny," as usual, is a moron.

Dan @ 3/13/2014 11:24 AM

Oh Mike you fuckface! Once again showing your ignorance. You know there is a whole organization of cops who are against the war on drugs, right? If a law doesn't work there is nothing wrong with trying something different.
Don't act like you speak for all cops.

Lenny @ 3/13/2014 11:24 AM

Good comments "Mike". Well thought out and factual as always. Apart from the fact that what I said was true.

Capt. Crunch @ 3/13/2014 5:05 PM

@ Hey Dan, what is wrong with the missionary position do you expect everyone to use their tongue to get the job done like you, that's if you do get the job done. As far as sodomy laws go that should be between you and Lenny.

Dan @ 3/13/2014 7:38 PM

You're right, Captin' Stabbin'.

mike @ 3/14/2014 5:25 AM

Dan, what a keyboard coward! I bet you are still a bedwetter!

Dan @ 3/14/2014 7:31 AM

Wait. How r u any different? This is a computer forum. My only option is a keyboard. Oh what an ignorant fuckface you are.

wrong direction @ 3/16/2014 4:44 PM

Dan, if I have to smoke weed and have sex with dudes to be inteligent like you , I'll stay "very, very ignorant".

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