The Herald of Everett, Washington
Customer service  |  Subscribe   |   Log in or sign up   |   Advertising information   |   Contact us
HeraldNet on Facebook HeraldNet on Twitter HeraldNet RSS feeds HeraldNet Pinterest HeraldNet Google Plus The Daily Herald on Linked In HeraldNet Youtube
HeraldNet Newsletters  Newsletters: Sign up  Green editions icon Green editions

Taxes for recreational pot in Colorado fall short of estimates

SHARE: facebook Twitter icon Linkedin icon Google+ icon Email icon |  PRINTER-FRIENDLY
Associated Press
Published:
DENVER — Original estimates for taxes to Colorado for recreational marijuana were $33.5 million for the just ended fiscal year. Gov. John Hickenlooper’s office predicted $100 million.
The Denver Post reported Tuesday that the actual amount in retail sales and excise tax came in at just over $12 million, according to Colorado Department of Revenue.
State Rep. Dan Pabon said it might be time to look at medical marijuana. Pabon chairs a special legislative committee on marijuana revenue that met for the first time Tuesday.
A market study for the state found that the lower-taxed medical-marijuana market continues to outpace the recreational market in sales. Recreational sales are expected to grow.
State economists are coming out with new forecast next month using the data from the first six months of sales.
Story tags » TaxesMarijuana

More Nation & World Headlines

NEWSLETTER

HeraldNet Headlines

Top stories and breaking news updates

Calendar