Marijuana taxation revenues assist fix roads, teach the young children, and battle homelessness
Charges and fees from appropriate marijuana product product sales in Colorado from 2014 to january Might 31, 2017, have actually added over fifty percent a billion bucks towards the state coffers. This is certainly based on VS techniques.
The report indicated that inside the right time frame, their state attained through the leisure marijuana market:
$141.06 million through the 15% excise taxes
$216.56 million from 10% unique product sales taxation
$62.08 million through the 2.9% sales taxation
Also, there was a $39.76-million income coming from 2.9% product sales taxationon medical marijuana and $46.67 million from application and permit costsfor the medical and adult markets.
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Additionally, sales when it comes to month that is entire of 2017 reached close to $128 million both for markets, based on the state’s Department of Revenue.