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Colorado: First State to Make More Money off Marijuana than Alcohol

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Submitted by Marijuana News on Fri, 09/25/2015 - 08:15

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...

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