Tax Revenue from Medical Marijuana in Colorado in FY 2011

in Substance Abuse

During the 2011 fiscal year, the U.S. state of Colorado collected $5 Million in sales taxes from medical marijuana.Over 700 people are licensed to sell medical marijuana in Colorado.

The state collected $8 Billion in total sales taxes during the fiscal year.

Source: Matt Smith, “States say it’s time to rethink medical marijuana,” CNN, January 1, 2012.

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