You are here
Home 🌿 Marijuana Business News 🌿 Colorado: First State to Make More Money off Marijuana than Alcohol 🌿Colorado: First State to Make More Money off Marijuana than Alcohol
The first seven months of 2015 have been record breaking for Colorado. The state has already generated almost as much tax revenue from marijuana when compared to 2014. Colorado is on pace to double its numbers from last year and generate $125 million in tax revenue during 2015. Our analysts expect this number to continue to move higher year-over-year and we think this just the start of something big.
In 2014, Colorado brought in $76 million in tax revenue from marijuana. The state has already collected $73.5 million in taxes during 2015. Of the $73.5 million, $19.6 million has been set aside to fund Colorado's public schools. This growth is outstanding when you compare it to 2014. During 2014, Colorado's public schools received $13.3 million from the marijuana taxes collected.
Colorado Makes History
The Colorado marijuana industry is proving to be a more profitable business for the state than...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
420 Intel is Your Source for Marijuana News
420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.
420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.
Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.
You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.
Follow us on Instagram
Connect with us on Linkedin