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Colo. Springs hits new high in pot tax revenue

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By: CNBC Email
Posted: Fri 1:32 AM, Oct 08, 2010

COLORADO SPRINGS, Colo. (KKCO) - The Gazette reports that sales of marijuana and marijuana-infused products generated $56,991 in tax revenue in August, a nearly 12 percent jump from July.

So far this year, Colorado Springs has collected almost $325,000 in sales tax revenue from the medical marijuana industry. That's nearly three times the total collected last year.

Meanwhile, the El Paso County commissioners have put a measure on the November ballot asking whether medical marijuana businesses should be banned in unincorporated areas.

Medical marijuana has been legal in Colorado since 2000. A new state law imposes regulations and allows communities to ban the businesses.

Information from: The Gazette, http://www.gazette.com


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KKCO firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKCO 11News.

  • by Nun Location: Grand Junction CO on Oct 8, 2010 at 05:18 AM
    Grand Junction City Council has decided the city does not want this revenue. What would have been the number in GJ 20K, 30K a month? Maybe the vocal anti-pot crowd whants to pony-up. Or we could start taxing the churches to make up the difference.

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