February 20th, 2014
08:46 PM ET

Colorado expected to make $184 million in marijuana tax revenue

Colorado is rolling in the green.

Colorado's recreation marijuana market is far exceeding tax expectations, according to a budget proposal released Wednesday.

Colorado Governor John Hickenlooper expects to take in $184 million in tax revenue from pot in just the first 18 months of being legal.

Colorado Poll: Pot getting more support, but majority say it's harmful to state's image

That's coming about 610 million dollars in retail and medical marijuana sales.

OutFront: Former Senior Drug Policy Advisor to President Obama, Kevin Sabat and Bloomberg Television Anchor Trish Regan.

Filed under: Colorado Pot • News
soundoff (4 Responses)
  1. stevediamond

    Colorado losing some money by taxing too high. Private growers having afield day as they are able to undercut the retail store prices by quite a bit.

    February 25, 2014 at 6:33 pm | Reply
  2. claygooding

    Texas spends over $200 million a year arresting and punishing marijuana users and they market in TX is even larger than the market in CO,,legalization would end pending $200 million and result in possibly $400 million in taxes,,that ain't chicken feed and the market is already established,,all TX has to do is cut the profits from the illegal growers,,,,

    February 21, 2014 at 9:17 am | Reply
  3. claygooding

    Whether they continue outsourcing the production and sales to criminals or allow our farmers to produce marijuana and business owners that check id's to sell it,,,every state will have marijuana on their streets,,so it is either cut bait or fish time.

    February 21, 2014 at 9:12 am | Reply
  4. Bryon

    Kevin Sabat, some people just cannot be content unless they are busy condemning others for their personal choice. If you want to smoke pot, great! If you don't want to smoke pot, great!

    February 20, 2014 at 11:49 pm | Reply

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