Where Does All That Colorado Pot Tax Go?
Colorado is pulling in a significant amount of money by taxing recreational marijuana, but it’s not enough to pave the streets in gold.
In part because supporters of legal pot hyped the potential to raise millions, some Coloradans have been left to wonder why all that money hasn’t revolutionized life in our state.
In the last couple of months, viewers have asked 9NEWS questions like:
“I understand the schools need refurbishing but isn't that what the taxes from the marijuana was supposed to go to? Why isn't anyone responsible to account for all of that money?”
“When will taxes collected on the passing of the legalization of marijuana actually be distributed to the promised programs?”
“I have not seen much in the media about Colorado’s marijuana tax revenue and where it is going. Last I heard, most of it was tied up in bureaucratic mess and that schools and
...
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.
Follow us on Instagram
Connect with us on Linkedin