Legal marijuana is big business in Colorado. May marked the 12th consecutive month weed sales exceeded $100 million.
Colorado outlet The Cannabist has calculated that the state sold $127 million worth of marijuana products in May 2017 alone, the 12 month in a row sales have topped the $100 million mark.
The total haul from marijuana sales over the last 12 months for the Centennial State now stands at $1.4 billion, bringing in just over $223 million in marijuana taxes, licenses, and fees, according to the data published on the Colorado’s Department of Revenue website.
One of the offshoots of this relatively new revenue stream is the state’s public school system, which, as the Revenue department notes, is allocated $40 million each year. This sum is “transferred to the public school capital construction assistance fund and any amount remaining shall be transferred to the public school fund.”
– Read the entire article at RT News.