Marijuana taxation revenues help fix roads, teach the young children, and fight homelessness

Marijuana taxation revenues help fix roads, teach the young children, and fight homelessness

Costs and taxes from legal cannabis product sales in Colorado from 2014 to january Might 31, 2017, have added over fifty percent a billion dollars to your state coffers. This really is based on VS techniques.

The report revealed that within the time frame, the state received through the leisure cannabis market:

$141.06 million through the 15% excise taxes

$216.56 million from 10% special product product sales income tax

$62.08 million through the 2.9% product sales income tax

Furthermore, there was a $39.76-million revenue originating from 2.9% product product sales taxationon medical marijuana and $46.67 million from license and application feesfor the medical and adult markets. Marijuana taxation revenues help fix roads, teach the young children, and fight homelessness weiterlesen