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Home 🌿 Marijuana Business News 🌿 In Colorado, Marijuana Sales Are Generating More Revenue Than Alcohol 🌿In Colorado, Marijuana Sales Are Generating More Revenue Than Alcohol
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The subscription service is currently unavailable. Please try again later.History was made in Colorado, guys: Tax revenue from marijuana sales was higher than revenue brought in by alcohol.
The state raised about $70 million from weed in fiscal year 2014-2015, compared to the less than $42 million from alcohol sales, according to the Marijuana Policy Project. Last Wednesday, Colorado celebrated a "marijuana tax holiday," where the state suspended marijuana sales for a day. And I guess it was a well deserved break.
“Marijuana taxes have been incredibly productive over the past year, so this tax holiday is a much-deserved day off,” said Mason Tvert, director of communications for the Marijuana Policy Project, and a co-director of the campaign in support of the 2012 initiative to regulate and tax marijuana like alcohol in Colorado. A similar measure in Arizona is currently gathering signatures to make the ballot for next year's general election. “This will be the one day out...
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