Marijuana tax revenue hit $200 million in Colorado as sales pass $1 billion
The state of Colorado pulled in nearly $200 million in tax revenue last year thanks to its $1.3 billion in marijuana revenue.
The Colorado Department of Revenue announced Thursday the state’s revenue had pushed past $1 billion. Colorado legalized recreational marijuana in 2012, along with Washington state, and this was its third year of regulated sales. In its first year revenue hit $699.2 million, followed by $996.2 million the second year.