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Home 🌿 Marijuana Politics 🌿 Taxes Earned from Legal Cannabis Sales Passes $200 Million in Washington and Colorado 🌿

Taxes Earned from Legal Cannabis Sales Passes $200 Million in Washington and Colorado

Submitted by Marijuana News on Sun, 09/06/2015 - 02:09

Legal cannabis cannabis sales in Colorado and Washington have garnered their states a combined $200 million in tax revenue since January 1st, 2014, according to the most recent data released by each state.

In Colorado, recreational and medical cannabis sales have brought in nearly $120 million in taxes and fees for the state. In Washington, legal cannabis sales have resulted in over $80 million in taxes for the state. Combined, over $200 million in taxes have been earned between the two states.

Legal recreational sales began January 1st of last year in Colorado, and began six months later in Washington.

 

Oregon will be the next state to allow legal recreational cannabis sales, which are set to began on October 1st. Alaska is set to began legal cannabis sales next summer.

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