News

Colorado sees ‘pot’ of gold in marijuana sales

Colorado sees ‘pot’ of gold in marijuana sales

HIGH PROFITS: Colorado is raking in the dough from pot sales. Photo: Associated Press

DENVER (AP) — In the world’s first accounting of a recreational pot industry, Colorado officials say the state has made roughly $2 million in marijuana taxes in January, the first month of sales.

The tax total reported Monday by the state Department of Revenue indicates $14.02 million worth of recreational pot was sold. The state collected roughly $2.01 million in taxes.

The state legalized pot in 2012, but the commercial sale of marijuana didn’t begin until January.

Washington state sales begin in the coming months.

The taxes come from 12.9 percent sales taxes and 15 percent excise taxes. Voters approved the pot taxes last year. The first $40 million of the excise tax must go to school construction.

Colorado has about 160 state-licensed recreational marijuana stores, though not all were open in January.

Latest Headlines

in Local

Maine Woman Who Foiled Abduction Ready for a Fight

The Maine State Museum worker who prevented the abduction of a 2-year-old girl is a grandmother with a bum knee. But Sharon Wise says there would've been a ``big fight'' if the assailant hadn't given up.

in Local

Maine’s Jobless Rate Down Slightly in November

UNEMPLOYMENT

Maine's jobless rate dipped slightly last month to 5.7 percent.

in Local

Scientists to see if Forecast Calls for Lobsters

LOBSTERS2

Scientists will begin aiding fishermen next year by issuing weekly forecasts about lobster migration.

in Local

6,500 Mainers to Lose Food Stamps

governorlepage

Maine Gov. Paul LePage's administration says more than 6,000 Maine residents are about to lose their food stamp benefits.

in Entertainment, Trending, Viral Videos

TODAY’S MUST SEE: Colbert’s star-studded farewell to ‘Report’

21-overlay4

Stephen Colbert bid farewell with the help of scores of celebrities in a rousing sendoff to the tune of "We'll Meet Again."

Tweets

  • 7h
  • 11h
  • 11h
  • 11h
  • 11h
  • 11h
  • 11h