CO. Gov. Says Med Pot Fees Helping Budget Deficit

The Associated Press is reporting that Colorado Gov. Bill Ritter says pot fees are helping the helping the state’s budget deficit.

Associated Press

DENVER — Gov. Bill Ritter is using $9 million from medical marijuana registrations to help the state meet a $60 million fiscal emergency.

The state anticipates ending the year with 150,000 applicants for medical marijuana cards, up from 41,000 in 2009. A marijuana card costs $90 per year.

Backers of medical marijuana legislation in a number of states and cities have touted revenue from possible taxes and other fees as a selling point at a time of tight fiscal funding.

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