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The Colorado Department of Revenue announced this week that combined marijuana tax, license and royalty revenues had reached $ 1.02 billion and marijuana sales had surpassed $ 6.56 billion.
"This industry contributes to the growth of our economy by creating jobs and generating valuable revenues to prevent youth consumption, protect public health and safety, and invest in public school construction," said the Minister. Governor Jared Polis in a statement.
Revenue from the Colorado Marijuana Tax funds several public education programs, as well as health and social services programs across the state.
Colorado is not the only place to enjoy the thirst for legal weeds. By 2018, nationwide marijuana business owners are expected to collect a total of $ 2.8 billion in taxes from the federal government. It is expected that as many as 300,000 people will be part of the marijuana industry by 2020, and marijuana-related jobs, ranging from bud-cutting to industry consulting, can be quite ecological.
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