Both the Colorado public and the government have spoken, and the answer is loud and clear: Pot is here to stay, and it’s going to make to make a lot of money for the state.
In its first month of business, Colorado’s pot dispensaries made a staggering $14 million in profit. And thanks to the aggressive tax measure, the state coffers received a nice bump as well, with $2 million in taxes from recreational marijuana sales. Plus, when you factor in medical marijuana taxes and fees, the state made nearly $4 million in one month from just 59 businesses.
The figure is even more impressive when you consider that most of the dispensaries didn’t even open at the beginning of the year. Only 24 recreational stores opened on Jan. 1, most of them just in Denver County. By the first week of business, the 37 dispensaries around the state made $5 million in total sales.
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