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Aurora recreational pot venture going well after first six months

Submitted by Marijuana News on Mon, 04/27/2015 - 01:26

Six months into Aurora's venture of recreational marijuana sales, city officials say after a slow start everything is going about as well as could be expected.

In January, the city collected about $103,000 in tax revenue and another $109,000 in February. In the last three months of 2014, as a few stores opened, Aurora earned a little over $100,000 total.

By the end of 2015, the city expects to have between $1.5 million to $2 million in revenue from legal pot sales.

And those who waded through the process and claimed one of the city's 24 licenses are starting to see big dividends.

With no previous pot sales, Aurora used a point system to rank and issue 24 recreational marijuana business licenses — four in each City Council ward or district — and so far 23 licenses have been awarded. The point system...

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URL: 
http://www.denverpost.com/marijuana/ci_27994446/aurora-recreational-pot-venture-going-well-after-first

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