Colorado Generates More than $1 Billion in Marijuana Revenue
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Colorado has surpassed $1 billion in tax revenue from marijuana sales since recreational use was legalized in 2014.
According to a news release, the Colorado Department of Revenue announced that marijuana sales have reached over $6.5 billion and marijuana tax, license and fee revenue reached $1.02 billion.
The revenue funds a range of state youth and public health programs, including mental health services, youth literacy initiatives and anti-bullying programs in schools.
“This industry is helping grow our economy by creating jobs and generating valuable revenue that is going towards preventing youth consumption, protecting public health and safety and investing in public school construction,” Governor Polis said in a statement.