Colo. Springs hits new high in pot tax revenue

By: CNBC Email
By: CNBC Email

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,

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  • by Nun Location: Grand Junction CO on Oct 8, 2010 at 04:18 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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