Colorado collects $2M in recreational pot taxes
DENVER - In the world's first accounting of a recreational pot industry, Colorado officials say the state has made roughly $2 million in marijuana taxes in January, the first month of sales.
The tax total reported Monday by the state Department of Revenue indicates $14.02 million worth of recreational pot was sold. The state collected roughly $2.01 million in taxes.
The state legalized pot in 2012, but the commercial sale of marijuana didn't begin until January. Washington state sales begin in the coming months.
The taxes come from 12.9 percent sales taxes and 15 percent excise taxes. Voters approved the pot taxes last year. The first $40 million of the excise tax must go to school construction.
Colorado has about 160 state-licensed recreational marijuana stores, though not all were open in January.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Sen. Troy Brown will spend the weekend in jail
Spanish Town Parade asks for usual irreverence but inclusion
Residents on edge as Comite River crests above flood stage
Baton Rouge residents gather to watch Trump's inauguration
Police believe illegal immigrant could be tied to other sex crimes