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Marijuana taxation revenues assist fix roads, educate the young ones, and battle homelessness

Marijuana taxation revenues assist fix roads, educate the young ones, and battle homelessness

Charges and fees from appropriate cannabis product sales in Colorado from January 2014 to Might 31, 2017, have added more than half a billion dollars to your state coffers. This is certainly relating to VS techniques.

The report revealed that inside the period of time, their state attained through the recreational marijuana market:

$141.06 million through the 15% excise fees

$216.56 million from 10% special product sales income tax

$62.08 million through the 2.9% product sales income tax

Furthermore, there clearly was a $39.76-million revenue originating from 2.9% product sales cbdoilrank.net/ taxationon medical marijuana and $46.67 million from license and application costsfor the medical and adult markets. Continue reading